Australia's Titomic rises on sale of spray booth system to Holland's EPCOR

Titomic

21/11/2023 04:44

** Shares of Titomic  TTT.AX  jump as much as 13.3% to
A$0.017, their biggest intraday gain since Oct 16
    ** Stock hits highest level since Nov 7
    ** The cold-spray additive manufacturer sells its Titomic
Integrated Spray Booth (ISB) to Holland-based EPCOR for
A$516,615 ($336,213.04)
    ** ISB is a medium pressure, cold spray system used to
deposit coatings for aerospace and automating metal part
restoration
    ** About 2.5 mln shares have changed hands, vs a 30-day
average of about 803,000 shares
    ** Stock down ~79.1% YTD as of last close
    



($1 = 1.5366 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))