Australia's Sprintex rises to 6-week high on signing UK deal

Sprintex

17/12/2024 24:46

** Shares of Australia's Sprintex  SIX.AX  rise as much as
18.2% to A$0.065, their highest since Nov 4
    ** Technology co says it has secured A$17.5 mln ($11.15 mln)
minimum order commitment from Air End Repair, a specialist in
compressor and blower solutions based in the UK
    ** Says the five-year contract adds to its A$30 mln of
recent distribution agreements in the UK, Turkey, and India 
    ** Stock posts its biggest intraday percentage gain since
June 7
    ** About 1.6 mln shares change hands, compared with the
30-day average volume of 235,766 shares
    ** Stock had risen more than four-fold in value this year,
as of last close

($1 = 1.5696 Australian dollars)

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com))