Australia's Alcidion hits 4-month high after hiking FY25 earnings forecast

Alcidion

23/06/2025 01:52

** Shares of Alcidion Group ALC.AX rise 8.8% to A$0.099 heading for their best day since June 4, if gains hold

** Technology co rose as much as 9.9% to A$0.1 earlier in the day to hit highest level since February 14

** Co sees FY25 EBITDA of more than A$4.5 million ($2.89 million) higher than previous guidance of more than  A$3.0 million

** Stock up ~64% this year, including the day's move

($1 = 1.5552 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))