Australia's Elsight set for best week in 3 yrs on FAA drone certification

** Shares of Elsight EELS rise as much as 23.7% to A$0.470, extending gains

** Stock hits highest level since June 7, 2022

** Stock closed 22.6% higher on Thursday after co received Type certification from the U.S. Federal Aviation Administration (FAA) for its non-air carrier drone

** Co says certification allows flight operations over people and infrastructure without the need for case-by-case waivers

** Stock set to gain more than 51.6% this week, its biggest weekly gain since end-June 2020, if trend holds

** Day's trading volume 10.9x the 30-day avg volume of 73,010 shares

** Stock has risen 11.8% this year, as of last close