RTTNews | Jul 8, 2021 09:53AM EDT

09:52 Thursday, July 8, 2021 (RTTNews.com) - Shares of GBS Inc. (GBS) are skyrocketing over 40% Thursday morning, after the life sciences company announced that it has been awarded a US$4.7 million, Australian Federal Government scientific grant to fund the build out of a Biosensor manufacturing facility.

This project has been identified as one of six National Manufacturing Priorities identified by the Government under Modern Manufacturing Strategy or MMS.

The stock, which has been trading in the range of $2.44 - $14.24 for the past one year, is currently trading at $4.20, up $1.25 or 42.37%, with trading volume soaring over 3.60 million versus an average volume of 583K shares.

Read the original article on RTTNews ( https://www.rttnews.com/3207858/gbs-shares-surge-on-australian-federal-government-science-grant.aspx)

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