Australia's Pearl Global hits six-week high on higher revenue

Entyr

01/11/2022 01:05

** Shares of Pearl Global Ltd  PG1.AX  rise as much as 14.3%
to A$0.024, their highest level since Sept 20 
    ** The waste recycling tech firm says Q1 revenue grew 23% to
A$1.3 mln ($832,000.00)  urn:newsml:reuters.com:*:nASX8V7jxs 
    ** Co attributes results in part to achieving highest ever
tyre collections during quarter 
    ** Adds that it is in advanced discussions with the
Australian Road Research Board for a strategic partnership 
    ** Stock logs its best intraday gain since Sept 20          
    ** Pearl Global stock flat YTD, as of last close 
    ($1 = 1.5625 Australian dollars)
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))