Australia's Fiji Kava gains on approval for its first import of drinking kava

Calmer International

09/12/2021 04:38

** Shares of Fiji Kava Ltd  FIJ.AX  rise as much as 7.8% to
A$0.083, their biggest intraday pct gain since Nov. 25
    ** Medicinal kava products maker says https://www.asx.com.au/asxpdf/20211209/pdf/453zdvyn4qpxkr.pdf
 its unit received approval for its first commercial import of
drinking kava from the Commonwealth Dept of Health's Drug
Control Section
    ** This approval comes after Australian govt lift import ban
on kava products, allowing commercial import of medical-grade
drinking kava from Dec. 1  urn:newsml:reuters.com:*:nL4N2S90TR
    ** Stock hits its highest since Dec. 2
    ** More than 1.7 mln shares change hands, about double the
30-day average volume of 897,843 shares
    ** FIJ's busiest trading day since Nov. 22
    ** Stock is down 35.8% this year as of last close
    
  

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))