Australia's Genetic Technologies set for best day in 4 mths as cash receipts surge

Genetic Technologies

04/10/2021 03:49

** Shares of Genetic Technologies Ltd  GTG.AX  rise as much
as 21.4% to A$0.009, biggest intraday pct gain since May 28
    ** Molecular diagnostics co says its cash receipts for the
Sept-qtr rose to A$850,000 ($617,270) from A$68,000 in the
June-qtr  urn:newsml:reuters.com:*:nASX2zVBjC
    ** Co expects growth in rev and cash receipts will continue
to show a material uplift in the current quarter
    ** Stock hits highest since Aug. 16
    ** Over 22.7 mln shares change hands vs 30-day average
volume of ~1.8 mln
    ** Stock down 6.7% YTD, as of last close

($1 = 1.3770 Australian dollars)

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))