Australia's X2M Connect rises on contract wins in South Korea

X2M Connect

17/05/2022 04:20

** Shares of tech company X2M Connect  X2M.AX  rise as much
as 20% to A$0.12
    ** Says it secured three contracts for remote water
monitoring and control in South Korea with a combined value of
A$1.25 mln ($874,875.00)  urn:newsml:reuters.com:*:nASX7McRRN
    ** About 152,500 shares change hands, compared with the
30-day average volume of about 93,000 shares 
    ** Stock has fallen 46.0% this year, as of last close,
compared with a 4.7% decline in the S&P/ASX 200 index  .AXJO  

($1 = 1.4288 Australian dollars)

 (Reporting by Anan Ashraf)
 ((Anan.Ashraf@thomsonreuters.com;))