XTEK (ASX:XTE) shares experienced an influx today, rising as high as 3.23% to A$0.320, marking the most significant gain since mid-September.
Tracking well, the stock posted its biggest intraday percentage gain since late September, marking the third consecutive session of gains.
The increased stock activity follows the announcement that XTEK, a defense products manufacturer, secured an order worth $3.2 million, or $2.07 million USD, to supply military products to an unidentified international military customer.
206,531 shares changed hands, showing 1.2x the 30-day average volume of 166,568 shares, indicating a surge of interest in the company.
Despite these gains, XTEK’s stock has fallen 49.2% this year, as measured from its last closing price.
XTEK (ASX:XTE) is a prominent defense products manufacturer.