ROO roots sustainable agricultural technologies ltd

News: ROO BUZZ-ASX-listed Roots Sustainable Technologies rises on deal with Israeli firm

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    ** ASX-listed shares of Israel-based Roots Sustainable Agricultural Technologies (ROO) rose as much as 34.8% to A$0.031, in their biggest intraday pct gain since March 31, before closing at A$0.022

    ** Agricultural tech developer enters into a deal with Amir Ltd, a major retail and wholesale agricultural supplier, to market the company's Root Zone Temperature Optimization Technology in Israel

    ** Amir will sell the technology, which reduces energy consumption in agriculture, using a buy-now-pay-later plan that allows consumers to spread payments up to 24 months

    ** "If we achieve success in Israel using BNPL terms, we plan to adopt this type of plan in other countries" - CEO Boaz Wachtel

    ** Stock hits highest level since May 27 ** About 44.4 mln shares change hands, compared with the 30-day average vol of 1.3 mln shares

    ($1 = 1.3831 Australian dollars)

 
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