Australia's Titomic hits over three-week high on Airbus order

Titomic

16/10/2023 02:20

** Shares of Titomic Ltd  TTT.AX  rise as much as 18.75% to
A$0.019, their highest level since Sept. 22
    ** Shares flat at A$0.016, as of 0114 GMT
    ** Metal additive maker says Airbus Group  AIR.PA  has
selected co as its supplier for cold spray additive
manufacturing, repairs and maintenance equipment
    ** Says airplane manufacturer has ordered two Titomic
Kinetic Fusion systems for A$645,000 ($407,188.50)
    ** More than 6.0 mln shares change hands, compared with the
30-day average volume of 1.9 mln
    ** Stock down 77.8% this year, as of last close

($1 = 1.5840 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.GovindRao@thomsonreuters.com;))