Australia's X2M Connect gains on Seoul water digitisation contract

X2M Connect

22/09/2025 01:41

** X2M Connect X2M.AX soars as much as 21.4% to A$0.017, highest since August 7

** Stock posts biggest intraday pct gain since August 25

** Internet-of-things co secures A$0.8 mln ($527,280) water digitisation mandate from South Korea's Seoul

** Says contract for delivering remote water meter monitoring for households in Seoul

** Nearly 1.5 mln shares traded, 1.7x the 30-day avg

** X2M drops 45.6% YTD

($1 = A$1.5172)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com;))