** Shares of Verbrec VBC.AX rise 14% to A$0.065, their highest since May 12
** Stock set for its strongest session since May 17, 2024, if current trends hold
** Asset manager and tech service provider secures over A$11 million ($7.08 million) in engineering and construction contracts in South Australia
** Says majority of its revenues expected to be recognised in FY2026
** About 1.6 mln shares traded in stock's busiest session since May 6, 2024
** Stock down 51.9% YTD, including current session's moves
($1 = 1.5542 Australian dollars)
(Reporting by Manasi Dasa in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.