Trends-AU
Australia’s DroneShield pares early gains, withdraws $5 million contract announcement

** Shares of Australia’s DroneShield DRO up 1.9% at A$3.275
** Earlier in the session, the defence technology company’s stock rose as much as 10.3% to A$3.550, its biggest intraday pct gain since October 21
** DroneShield withdraws announcement of three standalone contracts totalling A$7.6 million ($4.94 million)
** Says November contracts do not represent new orders and were inadvertently marked as new contracts
** Says contracts were orders that the customer reissued due to regulatory updates
** More than 16.9 million shares change hands, vs the 30-day average of 22.1 million shares
** Stock up 330% this year, including the day’s move
($1 = 1.5389 Australian dollars)




