Australia's Alcidion Group gains most in 4 months on quarterly results

Alcidion

18/04/2024 06:19

** Shares of Australia's Alcidion Group  ALC.AX  rise as
much as 13.6% to A$0.05, marking their biggest intraday pct gain
since December 2023
    ** Stock hits its highest level since April 2
    ** Healthcare tech co posts Q3 new total contract value
(TCV) sales of A$6.0 mln ($3.87 mln) vs A$4 mln reported last
year
    ** Nearly 2.3 mln shares change hands by 0512 GMT, vs the
30-day average volume of 953,915 shares
    ** Stock down 41.3% YTD, as of last close

($1 = 1.5518 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))