Australia's Vection Technologies jumps on signing MOU to develop VR platform

Vection Technologies

25/01/2023 02:17

** Shares of Australia's Vection Technologies Ltd  VR1.AX 
rise as much as 21.4% to A$0.085, set to mark best day since
July 4, if gains hold 
    ** Stock hits highest since Aug.17, 2022 
    ** Software development firm says it has executed Memorandum
of Understanding (MoU) to develop a Virtual Reality metaverse
platform to promote space travel
    ** Says signed MOU with Thales Alenia Space, Next One Film
Group, among others 
    ** Stock fell 59.3% in 2022 
    ** VR1 up 34.5% this year as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))