Australia's Cycliq gains on robust demand for products

Cycliq

12/12/2023 05:06

** Shares of Australia's Cycliq  CYQ.AX  rise as much as
33.3% to A$0.004, their biggest intraday pct gain since Aug. 10
    ** CYQ hits its highest price since Nov. 29
    ** Cycle tech-equipment maker completes 2023 Black Friday
campaign; records gross revenue of A$1.2 mln ($790,560) for
November 
    ** Co says core products, including safety and action
cameras, saw 29% increase in number of individual orders
compared to a year earlier 
    ** Adds purchases of core products in November points to
robust demand for them
    ** Stock down 57.1% YTD, as of last close

($1 = 1.5179 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))