Titomic stocks saw an uptick of as much as 18.75% to A$0.019, reaching their highest level since September 22.

However, the shares eventually steadied at A$0.016.

The significant rise occurred following the announcement that Airbus Group has selected Titomic as its supplier for cold spray additive manufacturing, repairs, and maintenance equipment.

Consequently, the airplane manufacturer ordered two Titomic Kinetic Fusion systems for a total cost of A$645,000.

The announcement resulted in over 6.0 million shares being exchanged, a considerable increase from the 30-day average volume of 1.9 million.

Despite this uplift, the stock has experienced a 77.8% decrease this year up until the last close.

Titomic is a metal additive maker specializing in cold spray additive manufacturing, repairs and maintenance equipment.