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HMI Hiremii News Story

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TechnologySpeculativeMicro CapValue Trap

Australia's Hiremii rises on acquisition of migration services firm

** Shares of Hiremii HMI.AX rise nearly 2% to A$0.053, their highest level since May 14

** AI-based recruitment service provider buys Prince Migration & Education Pty Ltd, a migration services firm

** Consideration to be paid via issue of shares totaling A$200,000 ($130,220.00) in value, and performance rights

** Around 539,000 shares change hands, over 10x the 30-day avg trading volume of about 50,000

** YTD, stock up nearly 2%, including session's gains

($1 = 1.5359 Australian dollars)

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com;))

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