Australia's Vection Technologies surges on $5.2 million deal with Swiss firm

Vection Technologies

14/07/2026 02:29

** Shares of Vection Technologies VR1.AX rise as much as 13.6% to A$0.025 in early trade, their highest since July 8
** Stock logs largest intraday pct gain since July 6
** Enterprise software firm executes three-year agreement with Switzerland-based URBANnext SA
** URBANnext SA will utilise and commercialise co's Algho AI platform and related services across its client base
** Agreement carries minimum aggregate contract value of A$7.5 million ($5.19 million)
** More than 9.5 million shares change hands vs 30-day avg volume of around 5.6 million shares
** Stock down 22.6% YTD, including the day's moves

($1 = 1.4455 Australian dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))