Australia's Close The Loop eyes best day in more than four months on outlook

Close The Loop

16/11/2022 01:38

** Shares of Close The Loop Inc  CLG.AX  rise as much as
12.8% to A$0.440, post their biggest intraday pct gain since
July 8 
    ** Recycling solutions firm reports first-quarter revenue of
A$28 mln ($18.87 mln)
    ** Says FY23 revenue to increase 20% on previous year due to
better-than-expected performance across its Australian and South
African ops 
    ** Says FY23 EBITDA margin to be in line with previous year
    ** Stock hits its highest level since Nov 3 
    ** More than 146,000 shares change hands, vs the 30-day
average volume of 80,000 shares
    ** Stock had risen 30% this year, as of last close
($1 = 1.4835 Australian dollars)
 (Reporting By Udbhav Krishna P in Bengaluru)
 ((UdbhavKrishna.P@Thomsonreuters.com))