[Featured Stock] Spear Hits New 52-Week High on Supply Contract With U.S. Space-Aerospace Firm

Spear, which has signed a supply contract with a U.S. global space-aerospace launch company, hit a new 52-week high.

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As of 9:23 a.m. on the 20th, Spear was trading at 50,100 won, up 5,900 won (13.38%) from the previous day. During the session, it touched 54,000 won, marking a new 52-week high.

The previous day, Spear announced in a filing that it had signed a special alloy supply contract worth 41,624,607,557 won with a U.S. global space-aerospace launch company. This amount is equivalent to 1,627.38% of its sales. The contract period runs from February 14 to April 24.

It also signed another special alloy supply contract worth 1,699,125,566 won with a U.S. global space-aerospace launch company. The contract period runs from February 15 to January 11 next year.

The specific company name has not been disclosed due to a request from the counterparty to keep business secrets confidential.

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