February 6, 2019 / 1:27 AM / 5 months ago

BUZZ-Australia's Silex Systems jumps; co, Cameco to buy stake in GE-Hitachi Nuclear unit

** Shares of research and development firm Silex Systems Ltd soar as much as 61.76 pct to A$0.275, their highest in about 7 months

** Silex teams up with Canadian uranium miner Cameco Corp to purchase bit.ly/2TxhnsE GE-Hitachi Nuclear Energy's (GEH) stake in unit GE-Hitachi Global Laser Enrichment LLC (GLE)

** Silex to acquire 51 pct in GLE, while Cameco to raise its interest to 49 pct from 24 pct

** Acquisition provides path for U.S. commercialization of Silex technology, co says

** Stock posts its biggest intraday pct gain since Nov 2016

** More than 1.7 mln shares change hands, compared with the 30-day average volume of 50,900 shares

** Stock had declined 5.56 pct this year, as of last close

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