CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Australia's GCM gains on signing thermal management product development pact

By Reuters News

** Shares of Australia's GCM Corporation GCM.AX rise as much as 2.2% to A$0.046, marking their biggest intraday pct gain since October 26

** Electronic equipment manufacturer signs joint development agreement with China-based Shenzhen Jinshiyu Technology to develop thermal management product

** Co says product will combine its VHD heat plate technology with Shenzhen Jinshiyu's zipper fin technology

** Separately, co says it has commenced manufacturing an evaluation product with thermal management solution provider Shenzhen Wanwei Heat Conduction Technology, for testing by a prospective customer

** More than 399,000 shares change hands, about 1.1x the 30-day average

** YTD, stock down 78.9%, including the session's moves

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.