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CM8 - Crowd Media Holdings News Story

A$0.024 0.0  0.0%

Last Trade - 18/09/20

Sector
Technology
Size
Micro Cap
Market Cap £5.20m
Enterprise Value £7.25m
Revenue £9.29m
Position in Universe 1580th / 1828

BUZZ-Australia's Crowd Media Holdings jumps on cosmetics distribution deal

Thu 6th August, 2020 6:29am
** Digital software maker's shares  CM8.AX  rise as much as
13% to A$0.026, set for their best day since June 16
    ** Co signs agreement with U.S.-based Teadora Inc to
distribute natural beauty products in Europe  urn:newsml:reuters.com:*:nASX2FjBDr
    ** Agreement will operate for a six-month pilot period and
agreed distribution margin is consistent with standard rates of
75% - CM8
    ** Stock hits its highest since July 29
    ** Over 2.5 mln shares change hands vs 30-day average volume
of ~2.1 mln
    ** Stock up ~21% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((arundhati.dutta@thomsonreuters.com;))
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