Australia's Droneshield hits over 11-month high on defence contract award
ReutersJul 8, 2025 5:07 AM
Shares of Droneshield Ltd DRO.AX rise as much as 8.1% to A$2.660, their highest level since mid-July 2024
Stock marks its biggest intraday pct gain since July 1
AI-based platform provider awarded an A$11.7 million ($7.65 million) research contract by existing customer
Around 25.3 mln shares change hands, compared with the 30-day average volume of about 16 mln
Session lifts YTD gains to 240.5%
($1 = 1.5300 Australian dollars)
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