JX Luxventure hits near four-year peak on $60 mln sales deal
22/03/2022 15:18
** U.S.-listed shares of China's JX Luxventure Ltd LLL.O
gain as much as 236% to $6.72 on sales deal for pet food
** Stock hits its highest since August 2018 and is the top
pct gainer among Nasdaq-listed stocks
** LLL said on Monday its unit signed a sales deal with
online pet food shopping platform Chongqing E-Pet Technology Co
Ltd
** Under the agreement, Chongqing E-Pet will purchase pet
foods worth $60 mln from the unit
** More than 41 mln shares change hands, nearly 700 times
their 25-day moving avg
** YTD, shares up 154.4%
(Reporting by Sohini Podder in Bengaluru)
((sohini.podder@thomsonreuters.com))