Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

BUZZ-ASX-listed Roots Sustainable Technologies rises on deal with Israeli firm

Published 27/08/2020, 04:08 pm
Updated 27/08/2020, 04:12 pm
© Reuters.

** ASX-listed shares of Israel-based Roots Sustainable Agricultural Technologies ROO.AX rose as much as 34.8% to A$0.031, in their biggest intraday pct gain since March 31, before closing at A$0.022

** Agricultural tech developer enters into a deal with Amir Ltd, a major retail and wholesale agricultural supplier, to market the company's Root Zone Temperature Optimization Technology in Israel

** Amir will sell the technology, which reduces energy consumption in agriculture, using a buy-now-pay-later plan that allows consumers to spread payments up to 24 months "If we achieve success in Israel using BNPL terms, we plan to adopt this type of plan in other countries" - CEO Boaz Wachtel

** Stock hits highest level since May 27

** About 44.4 mln shares change hands, compared with the 30-day average vol of 1.3 mln shares

($1 = 1.3831 Australian dollars)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.