BUZZ-Australia's Pro Medicus rises as unit bags $64 million contract

Pingtan Marine Enterprise Ltd.

Pingtan Marine Enterprise Ltd.

PME

0.00

** Shares of Pro Medicus PME.AX rise as much as 8.7% to A$132.7, logging their best intraday session since April 16

** Stock hits its highest level since May 6

** Health imaging firm says its unit has signed a seven-year A$90 million ($64.13 million) contract with Boston-based Beth Israel Lahey Health

** Says contract is for co's cloud-based imaging platform

** Stock down over 40% this year, including the day's move



($1 = 1.4035 Australian dollars)


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.