Shares of Saunders International (ASX:SND), an Australian company, rose as much as 8.6% to A$1.015, the highest value it has seen since late September of the previous year.

This was the company’s most significant intraday percentage gain since Feb.

Saunders International recently finalised a contract for the Caymus project in Western Australia, advancing the construction of 11 jet fuel storage tanks through their engagement with Crowley Australia.

Subsequently, A$8 million contract performance bonds were returned to the company.

Still, the company’s stock remains down 16.4% YTD, based on the last closing figure.

End Note: Saunders International is an Australian engineering and construction company with a significant presence around the globe.