Experience Co jumps on acquisition of business assets in Australia

Experience

20/04/2021 04:42

** Shares of Experience Co  EXP.AX  soar as much as 7.6% to
A$0.285, their highest since Feb 26
    ** The adventure tourism company announces acquisition of
business assets of Wild Bush Luxury and The Maria Island Walk in
Australia  urn:newsml:reuters.com:*:nASX22DlkF
    ** Says these acquisitions will form the beginning of a new
Premium Adventure category for Experience Co
    ** EXP says entry into Premium Adventure category and
acquired assets align with the management's positive outlook for
domestic, nature-based experiences
    ** Stock posts its biggest intraday pct gain since March 9
    ** Nearly 372,300 shares change hands, vs the 30-day average
volume of ~354,900 shares
    ** Stock has risen 15.2% this year, as of last close
    
  

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))