Shares of Australia’s Future First Technologies (ASX:FFT) jumped 29.4% to A$0.011, putting the company on track for its best day since April 27 if the gains continue.

Future First Technologies revealed that its subsidiary, Asset Vision, has had its contract with the Department of Transport and Planning of Victoria (DTP), extended.

This three-year extension is valued at approximately A$1.9 million, continuing a partnership with DTP that has now lasted over 12 years.

As of 0358 GMT, around 1.9 million shares had exchanged hands, a significant increase compared to the average 30-day volume of 193,624 shares.

Despite the day’s increase, the company’s year-to-date losses sit at 57.7%, contrasting against a 0.54% increase in the S&P/ASX 200 index overall.

Future First Technologies (ASX:FFT) is a leading technology firm that specialises in designing and implementing innovative digital solutions.