Australia's I Synergy jumps on establishing R&D labs

I Synergy

22/03/2022 03:34

** Shares of I Synergy Group Ltd  IS3.AX  rise as much as
11.1% to A$0.070, marking their biggest intraday pct gain since
March 2
    ** Brand marketing firm announces incorporation of a new
unit named Distributed Ledger Technologies Pty Ltd, for purposes
of software development and patents applications that form part
of the existing business  urn:newsml:reuters.com:*:nASX6ynlP4
    ** Co says an integral element is the establishment of a
Research & Development (R&D) Panel for new and emerging
technologies 
    ** Nearly 160,000 shares change hands, vs 30-day average
volume of ~68,000
    ** Stock up 40% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))