Gee Group rises after paying off $56 mln in debt

GEE

21/04/2021 17:28

** Shares of recruitment services provider  JOB.N  rise 6.8%
to 62 cents in heavy volumes after co says it has repaid $56 mln
in debt under its existing revolving credit facility  urn:newsml:reuters.com:*:nACS2nFM1a
    ** Debt paid off using net proceeds of its stock offering
and available cash - co 
    ** About 21.8 mln shares changed hands, ~4x its 10-DMA
volume
    ** Despite session gains, stock down 51% this month, its
worst monthly performance since Dec 2018

 (Reporting by Medha Singh in Bengaluru)
 ((medha.singh@thomsonreuters.com))