Australia's X2M Connect rises on A$1-million worth water metering contracts

X2M Connect

26/06/2025 03:06

** Shares of X2M Connect X2M.AX trade 11.1% higher at A$0.02

** Earlier in the day, stock rose as much as 38.9% to A$0.025

** Nearly 7 mln shares change hands, its busiest session ever

** Technology company says it secured new remote water metering contracts in South Korea for about A$1 million ($651,800.00)

* Says its enterprise and government customers have increased to 84

** Stock is down 33.3% so far this year

($1 = 1.5342 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com))