HighCom inks fresh body armour order worth $4.7M

The Market Herald04-12

HighCom (ASX:HCL) – formerly known as XTEK – has announced its receipt of a contract order for ballistic products from a military customer. The company specialises in making bulletproof helmets and ...

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Former chief Scott Basham abruptly quit earlier in 2024.\nWhile the company didn’t explicitly say it – nor did Basham when he made a fairly intimate Linkedin post on the matter – a glance at the stock’s 1Y returns may shed light on why the board decided that Basham should leave.\nReturns for HCL shareholders are down -64.89% YoY and HCL shares are down -57% YTD.\nThe thinly traded microcap has gained attention this morning, however, on the back of its $4.7M deal – the stock was up 22% on $170,790 worth of trades reflecting 1.06M shares heading into the second hour of trade.\nHCL shares last at 16.5cps.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426245232"}