Australia's Halo Food sees best day in about a year on quarterly update

Halo Food Co

25/01/2023 24:18

** Shares of Halo Food  HLF.AX  jump as much as 15.4% to
A$0.030, their biggest intraday pct gain since Feb. 2, 2022
    ** The health and wellness products maker posts quarterly
sales of A$22.3 mln ($15.70 mln) vs A$20.7 mln in prior quarter 
    ** Says co as a group well placed to capitalise on further
growth opportunities, contract leads and retail opportunities
throughout 2023
    ** Shares at their highest level since Dec. 12, 2022
    ** Volumes are double the 30-day average of 667,690 shares
    ** Stock fell 76.5% in 2022
($1 = 1.4205 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))