Australia's Vection gains most in 7 weeks on defence contract win

Vection Technologies

18/06/2024 05:08

** Shares of software firm Vection Technologies  VR1.AX 
rise as much as 10%
    ** Stock posts its biggest intraday pct gain since April 29
    ** Vection says it won multi-year defence contracts worth
A$1.2 mln ($792,700)
    ** About 779,500 shares traded vs 30-day avg of ~493,850
    ** Session's gains cuts stock's YTD losses to 4.4%
 
 ($1 = A$1.5138)

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))