Australia's Atlas Pearls sees best day in over 5 months on HY forecast

Atlas Pearls

13/01/2022 05:08

** Shares of Atlas Pearls Ltd  ATP.AX  jump as much as 37.9%
to A$0.04, post their best intraday pct gain since Aug 4
    ** The pearling business co expects HY revenue to be in
range of A$12 mln to A$13 mln ($8.75 mln - $9.48 mln), compared
with A$6.8 mln a year earlier
    ** Shares gain despite co saying harvest numbers for the
second half of FY are expected to be 15% lower than the first
half  urn:newsml:reuters.com:*:nGLFcbg85C
    ** Adds that co is unable to provide any FY22 forecast as
this point
    ** More than 5.2 mln shares change hands, compared with the
30-day average volume of about 265,000 shares


($1 = 1.3717 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))