** Shares of IDT Australia IDT.AX rise as much as nearly 16% to A$0.11, their highest level since June 10

** Stock last up about 5%

** Pharma company signs MoU with U.S.-based Gelteq GELS.O to set up manufacturing unit in Australia

** Trading volume at around 277,900 shares, 2x 30-day avg

** Session trims YTD losses to 9%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))