Australia's VEEM jumps on bagging submarine purchase orders
Yesterday 04:11
BUZZ-Australia's VEEM jumps on bagging submarine purchase orders ** Shares of VEEM VEE.AX rise as much as 10.2% to A$0.54, on track to log its best session since August 26
** Stock reaches highest level since October 13
** Defence manufacturer receives purchase orders for the Virginia Class Submarine new build program
** Initial purchase orders have a combined value of ~A$0.8 million ($561,280)
** About 54,000 shares change hands vs 1.3 times the 30-day avg
** Stock is down 32% YTD
($1 = 1.4253 Australian dollars)
(Reporting by Anjali Singh in Bengaluru)
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