Australia's Aerometrex hits 5-month high on 1H24 revenue and EBITDA forecast

Aerometrex

16/01/2024 03:16

** Shares of Australia's Aerometrex  AMX.AX  rise as much as
20.8% to A$0.29, their biggest intraday gain since Aug. 16, 2023
    ** Stock posts its highest level since Dec. 12
    ** Aerial mapping co reports group revenue forecast to be
A$11.8 mln($7.82 mln) - A$12.2 mln for 1H24
    ** Reports EBITDA forecast A$0.65 mln-A$0.85 mln for 1H24
    ** About 156,334 shares change hands, compared with the
30-day average volume of 42,732 shares
    ** Stock has fallen 9.4% this year as of last close

($1 = 1.5094 Australian dollars)

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))