Australia's X2M Connect hits near two-week high on contract win in China

X2M Connect

28/03/2022 03:01

** Shares of technology co  X2M.AX  jumps as much as 13.2%
to A$0.15, highest level since March 16
    ** Co secures two contracts in China valued at about A$1 mln
 ($750,400.00) for water quality sensors and related accessories
 urn:newsml:reuters.com:*:nASX9TXs30
    ** Says now over A$2.3 mln of rev is expected to earned from
co's Chinese operations during FY22
    ** Stock set for best session since March 16, if gains hold
    ** More than 124,000 shares change hands, compared with the
30-day average volume of about 53,000 shares 
    ** Stock has fallen 28.4% this year as of last close
 


($1 = 1.3326 Australian dollars)

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