Australia's EP&T Global eyes best day ever on upbeat rev forecast

EPX

21/10/2021 05:34

** Shares of building analytics firm EP&T Global Ltd
 EPX.AX  rise as much as 88% to A$0.235, on track for their best
day ever
    ** Co sees 85% increase in FY22 annualised recurring revenue
(ARR) forecast to A$9.8 mln ($7.39 mln) as easing COVID-19
restrictions enable more and more access to commercial buildings
 urn:newsml:reuters.com:*:nASX4xM8tt
    ** Posts 43% increase in annual contract value to A$10.9 mln
    ** Stock hits highest level since May 31
    ** Stock currently up 60% at 0334 GMT
    ** More than 1.3 mln shares traded vs their 30-day moving
avg of about 60,000 shares; busiest trading day since July 12 
    ** EPX down 41.9% since May debut, as of last close 


($1 = 1.3268 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com))