Australia's Alcidion jumps most in 7 weeks on upbeat results

Alcidion

31/01/2024 03:08

** Shares of Alcidion Group  ALC.AX  rise as much as 9.4% to
A$0.058, logs biggest intraday gain since Dec. 11
    ** Healthcare tech firm posts FY24 contracted revenue at end
of Q2 of A$35.5 mln ($23.3 mln), up 4% from last year
    ** Trading vol closing in on 3x the 30-day daily avg
    ** ALC has slid ~25% this month, its worst month since Feb
2020
    ** Stock tumbled ~48% last year, its worst year since 2012
 
 ($1 = 1.5223 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))