Shares of Mobix Labs, Inc. (MOBX) are climbing about 23 percent on Thursday morning trading after the company was selected by a major munitions manufacturer to support a feasibility program focused on next-generation smart munitions technology for anti-drone applications.
The company's shares are currently trading at $0.5623 on the Nasdaq, up 23.69 percent. The stock opened at $0.6 and has climbed as high as $0.6 so far in today's session. Over the past year, it has traded in a range of $0.1310 to $1.44.
The selection reflects Mobix Labs' expanding role in advanced defense technologies and highlights the company's ability to support next-generation systems.
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