Australia's Wide Open Agriculture posts best session in over 1 year on supply deal

Wide Open Agriculture

23/05/2022 02:00

** Shares of Wide Open Agriculture  WOA.AX  gain as much as
11.1% to A$0.6, mark best intraday pct gain since June 2021 
    ** The food and agriculture co signs a supply agreement with
retail distributer Monde Nissin Australia Pty Ltd (MNA)
 urn:newsml:reuters.com:*:nASX9dFbDV
    ** Under deal, MNA plans to purchase up to 60% of total
production of co's Buntine Protein, a plant based protein as a
key ingredient for development of a new product, for a period of
two years
    ** Co adds that specific pricing and tonnages in the
agreement remain confidential
    ** WOA hits highest level since May 13
    ** Stock down 23.4% this year, as of last close
 

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))