Australia's Mighty Kingdom soars on tech partnership with Google

Fortifai

27/05/2022 04:08

** Shares of video game developer Mighty Kingdom  MKL.AX 
climb as much as 47.7% to A$0.096, mark their biggest intraday
jump ever
    ** Co signs contract with Google LLC  GOOGL.O  for
technology partnership  urn:newsml:reuters.com:*:nASX8Nk0kL
    ** Says the collaboration is material to MKL from a revenue
perspective and will be reflected in financial results moving
forward
    ** Shares hit their highest since April 29
    ** More than 2.5 mln shares trade hands, 6.2 times the
30-day average of 403,307 shares
    ** As of last close, stock down 59.4% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))