Australia's Aroa Biosurgery hits over 2-month high on bullish results

Aroa Biosurgery

25/10/2022 03:44

** Shares of Aroa Biosurgery Ltd  ARX.AX  rise as much as
5.6% to A$0.85, their highest since Aug 16
    ** Regenerative medicine co raises FY23 total revenue
forecast by 39-43% on a constant currency basis to between NZ$62
mln ($35.34 mln) and NZ$64 mln  urn:newsml:reuters.com:*:nASX7jTMwH
    ** Says unaudited product revenue grew 44% to NZ$28.8 mln
    ** Stock posts its biggest intraday pct gain since Sept 30
    ** More than 305,828 shares change hands, vs the 30-day
average volume of 165,017 shares
    ** Stock down 21.1% this year as of last close
($1 = 1.7544 New Zealand dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))