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Market Surges: Mobilicom and Novavax See Dramatic Upswing

  • July 10th, 2023
  • 239 views

Shares of Mobilicom Limited (Nasdaq: MOB) climbed over 100% in early trade following the company's announcement of a significant commercial-scale purchase order from Teledyne-FLIR, one of its Tier-1 customers.

The purchase order from Teledyne Technologies Inc.'s (NYSE: TDY) subsidiary for 120 SkyHopper PRO systems to be integrated into small-sized drones manufactured for the U.S. Department of Defense (DOD) represents the largest and most significant order to date for Mobilicom.

$MOB is currently trading at $2.76, up $1.26 (84.66%).

In other news, Novavax, Inc. (Nasdaq: NVAX) made headlines with a regulatory filing disclosing an amendment to its advanced purchase agreement with the Canadian government.

The amendment outlines revised commitments and delivery schedules for Novavax's SARS CoV-2 vaccine. As part of the agreement, Novavax forfeited certain vaccine doses and reduced the amount due for delivery.

The Canadian government will make a total payment of $349.6 million in two installments to cover the remaining balance owed for the forfeited doses.

$NVAX is currently trading at $9.22, up $1.99 (+7.53%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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