Australia's Vection Technologies jumps most in over 2 years on software distribution deal

Vection Technologies

10/10/2024 03:08

** Shares of Vection Technologies  VR1.AX  rise 28.6% to
A$0.009, their biggest intraday pct gain since June 30, 2022
    ** The enterprise software provider announces the signing of
a A$3.6 mln ($2.42 mln) XR software distribution agreement with
Italy's Cometa SpA
    ** Co says Cometa to exclusively distribute its 3DFrame &
Enworks software packages to 500 high schools by the end of FY25
    ** Stock posts its highest level since Oct 3
    ** Over 6.4 mln shares traded, 2.6x the 30-day avg
    ** Vection stock down 59.5% YTD, including current session's
moves 

    ($1 = 1.4872 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))