BUZZ-Australia's Archer Materials gains most in over 2 months on magnetic sensor deal

Reuters

2024/10/10

** Shares of Australia's Archer Materials rise as much as 13.7% to A$0.290, its biggest intraday pct gain since Aug 1

** Semiconductor technology company signs agreement with China-based MultiDimension Technology

** Agreement is to develop a tunnel magnetoresistance sensor for commercial use in industrial applications

** 799,362 shares change hands, vs 30-day average volume of 455,782 shares

** Stock has fallen 25% YTD, as of 0013 GMT

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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