BUZZ-Australia's Bio-Gene Technology posts best day ever on $1.9 mln US grant for products

Reuters

01/29

** Shares of Bio-Gene Technology BGT.AX rise 112.5% to A$0.068, posting their strongest gain of all time

** Insecticide products maker rose as much as 121.9% earlier in the day, hitting highest level since April 29, 2024

** Co gets U.S. Department of Defense grants worth A$3.0 mln($1.87 mln)

** Says grants awarded are for co's Flavocide and Qcide products

** Flavocide is a wearable product for controlling mosquitoes while Qcide spray helps control flies and bugs

** About 17.9 mln shares change hands vs 30-day average trading volume of 83,278 shares

** Stock up around 48% so far this year, including today's gain

($1 = 1.6049 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))

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08:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Bio-Gene Technology posts best day ever on $1.9 mln US grant for products</title></head><body><p>** Shares of Bio-Gene Technology <span>BGT.AX</span> rise 112.5% to A$0.068, posting their strongest gain of all time</p><p>** Insecticide products maker rose as much as 121.9% earlier in the day, hitting highest level since April 29, 2024</p><p>** Co <span>gets</span> U.S. Department of Defense grants worth A$3.0 mln($1.87 mln)</p><p>** Says grants awarded are for co's Flavocide and Qcide products</p><p>** Flavocide is a wearable product for controlling mosquitoes while Qcide spray helps control flies and bugs</p><p>** About 17.9 mln shares change hands vs 30-day average trading volume of 83,278 shares </p><p>** Stock up around 48% so far this year, including today's gain</p><p>($1 = 1.6049 Australian dollars)</p><p> (Reporting by John Biju in 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