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

ReutersJan 29, 2025 12:57 AM

** 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)

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