Australia's X2M Connect eyes best day in more than 3 months on securing new contracts

X2M Connect

16/06/2023 02:38

** Shares of Australia's X2M Connect Ltd  X2M.AX  rise as
much as 14.3% to A$0.064 - set for best day since March 6, if
current gains hold 
    ** Stock hits highest level since May 30
    ** Smart devices solutions provider secures contracts in
China and South Korea for supply of water quality sensor
hardware and water meter monitoring, among others   
    ** Says secured four contracts worth approximately A$1.34
mln ($922,188.00)
    ** Stock down 29.1% this year, as of last close
($1 = 1.4531 Australian dollars)

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))