Australia's Jayride Group set of best day in 6 months on quarterly results, outlook

Jayride

07/04/2022 04:53

** Shares of Jayride Group Ltd  JAY.AX  gain as much as
19.4% to A$0.185 - set for best session since October 2021, if
gains hold
    ** The online travel marketplace posts third-quarter revenue
of A$585,000 ($437,640), tripling from a year ago  urn:newsml:reuters.com:*:nASX6sM0vb
    ** Says fourth-quarter outlook positive as borders continue
to reopen 
    ** Adds that about 75,000 trips were booked in Q3, up nearly
three times
    ** Stock hits highest level since Feb. 14
    ** More than 280,000 shares change hands, compared with the
30-day average volume of about 61,000 shares 
    ** Stock down 6.1% this year, as of last close

($1 = 1.3367 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))