Australia's Traffic Technologies jumps most in nearly 6 wks on forward orders

Traffic Technologies

30/11/2021 24:36

** Shares of Traffic Technologies Ltd  TTI.AX  jump as much
as 13.3% to A$0.034, their best intraday session since Oct. 21
    ** Traffic solutions provider says received https://www.asx.com.au/asxpdf/20211130/pdf/453l8srw6znv02.pdf
 forward orders from TasNetworks of about A$3.0 million ($2.14
million), with 60% for supply beyond existing contract period
    ** Says forward orders secures TTI's position in the
Tasmanian street light market beyond the contract term into 2023
    ** 3.1 mln shares change hands, 2.4x the 30-day average
volume of 1.3 mln
    ** Stock has fallen 21.1% this year as of last close


($1 = 1.4000 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))