Sea Forest (SEA.AX) up 25% on beef exporter deal targeting 480,000 cattle
Shares of Sea Forest rose as much as 25.2% to A$1.96, their biggest intraday gain since January. The environmental technology firm signed a distribution deal with Teys Australia, aiming to reach at least 480,000 cattle heads by June 30, 2027.
96, their biggest intraday percentage gain since January 2. The stock also climbed to its highest level since August 31 after the environmental technology firm signed a distribution deal with Teys Australia, one of the country's leading beef exporters. Sea Forest said the agreement targets at least 480,000 cattle heads by June 30, 2027, but it did not disclose any financial terms. The shares were down nearly 25% year to date, including the day's move.