BUZZ-Australia's Icetana soars on winning contract from Malaysian firm

Reuters
2024-12-16
BUZZ-Australia's Icetana soars on winning contract from Malaysian firm

** Shares of Icetana ICE.AX more than double in value to A$0.039, marking their best intraday pct gain ever

** Stock hits its highest level since Dec. 4, 2023

** Video analytics software co wins contract from Malaysian security firm AE Security System for its AI surveillance software

** Says total contract value A$465,000 ($296,298) over three years

** About 7.9 mln shares change hands, compared with the 30-day average volume of around 58,000

** Stock down 23.5% YTD, including session's move

($1 = 1.5694 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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