BUB – BUBS AUSTRALIA LTD – up 24.17 per cent, or 14.5 cents, to 74.5 cents.
The goat milk formula maker announced a marketing and distribution partnership with Chinese dairy producer Beingmate that it hopes will expand its reach in the country.
BAL – BELLAMY’S AUSTRALIA – up 4.92 per cent, or 49 cents, to $10.44
News of Bub’s China partnership also appeared to send shares in rival infant formula maker Bellamy’s higher, as it shows China has not reduced its appetite for Australian infant formula.
MYR – MYER HOLDING LTD – up 10.98 per cent, or 4.5 cents, to 45.5 cents
The department store chain posted a $38.4 million first-half profit, cut its debt by a third and says it would take an unforeseen disaster for it to breach its covenants with lenders.
EOS – ELECTRO OPTIC SYSTEMS – up 2.38 per cent, or six cents, to $2.58
The tech company’s defence contractor subsidiary has teamed with Hanwha Defence Australia, a subsidiary of South Korea’s Hanwha Group, to submit a bid for creating an infantry fighting vehicle for the Australian Army.
If the bid is successful, EOS’s work share would be $1 billion over eight years.
NMT – NEOMETALS LTD – up 4.17 per cent, or one cent, to 25 cents
The lithium miner reported its half-year profit from continuing operations was $1.2 million, down from $4.6 million.