Kromek – “award of $5.9m contract”. Attempted ramptastic?
By Steve Moore | Thursday 26 October 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as “a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments”, Kromek Group (KMK) states that it is pleased to announce it has been awarded its first biosecurity contract from the US Department of Homeland Security and that this underscores its belief that there are significant market opportunities in this area. So what of the shares currently responding 8.4% higher to 4.5p in response?
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