BUZZ-Australia's Highcom jumps most in over 11-weeks on $3 mln parts order

Reuters
01 Nov 2024

** Shares of Highcom rise as much as 24.2% to A$0.205, posting their biggest intraday pct jump since Aug 12

** Product supplier for the defence industry hits highest level since Sept 23

** Co gets new spare parts order for A$5.6 mln ($3.68 mln) from the Commonwealth of Australia's Department of Defence

** About 1.4 mln shares change hands, compared to 30-day average trading volume of 82,273 shares

** Stock down 57.1% YTD as of last close

($1 = 1.5216 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))

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