BUZZ-Australia's BluGlass hits more than 4-month high on US contract extension
Reuters
Jan 12
BUZZ-Australia's BluGlass hits more than 4-month high on US contract extension
** BluGlass BLG.AX soars as much as 33.3% to A$0.008, highest since September 3
** Semiconductor manufacturing technology provider set for best day since early December
** Co's unit and North Carolina state university extend existing contract valued at ~A$1.1 million ($736,670) to include a third year
** Under extended contract, co will continue to develop advanced gallium nitride lasers to support defence and tech development for U.S Department of War
** About 4 million shares traded in stock's busiest day since November 10
** BLG fell 51% in 2025
($1 = A$1.4932)
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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