Zicom sees best day in over 2 decades; units to produce surgical masks

Zicom

17/08/2020 06:00

** Shares of industrial machinery and equipment manufacturer
Zicom Group Ltd  ZGL.AX  soar as much as 311.1% to A$0.185, and
on track for their best day since November 1994 
    ** Co says its subsidiary Sys-Mac Automation Engineering and
its subsidiary iPtec Pte Ltd decided to produce surgical masks
to help bridge the critical shortages experienced globally
 urn:newsml:reuters.com:*:nASXbPH8DN
    ** Co says the initial production has the capacity to
produce 3 million surgical masks in a month on a full
production run
    ** Stock hits highest since Nov. 17, 2015, set for third
consecutive session of gain
    ** About 5.8 mln shares change hands compared to a 30-day
average of 3,421 shares 
    ** Stock down 45.1% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))