BUZZ-Australia's Civmec climbs to record high after securing fresh contracts
Reuters
Jan 05
BUZZ-Australia's Civmec climbs to record high after securing fresh contracts
** Shares of Civmec CVL.AX rise as much as 7.9% to a record high of A$1.580
** Stock logs its best intraday pct gain since September 15
** The construction and engineering services provider inks a series of fresh contracts with combined value exceeding A$400 million ($267.48 million)
** Co says among new orders, CVL also secures contracts with BHP BHP.AX & Fortescue FMG.AX
** Stock on track to log its third consecutive session of gains, if current trend holds
** Stock up 14% in 2025
($1 = 1.4954 Australian dollars)
(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))
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