Australia's Vection Technologies rises to 2-1/2-month high on contract win

Vection Technologies

11/02/2024 23:51

** Shares of Vection Technologies  VR1.AX  soar as much as
17.9% to A$0.033, hitting their highest since Nov 2 
    ** The software developer says it has been awarded a
contract for cyber security-focussed infrastructure from a
technology service provider 
    ** Says contract is for A$4.9 mln ($3.20 mln)
    ** Shares set to see best day since Jan 5, if gains hold 
    ** Stock has risen ~33.3% this year, as of last close

   ($1 = 1.5326 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))