Shares in medical equipment manufacturer Micro-X (ASX:MX1) have experienced a surge as high as 8.7% to A$0.125, a record level not seen since August 31.

This substantial increase is largely driven by the company’s announcement of receiving a A$1.5 million purchase order from the Australian government.

The order, comprising of Micro-X Rover systems, is set to be delivered in the early part of October.

An increased trading volume of approximately 609,500 shares was observed, double its average 30-day volume of 282,152 shares.

Despite the current surge, Micro-X’s stock is still down by 11.5% this year, as of the last close.

Micro-X is a manufacturer of innovative medical equipment.