Australia's CV Check climbs most in a year on Q1 revenue jump

Kinatico

07/10/2021 01:45

** Shares of screening and verification services provider
 CV1.AX  rise as much as 15.15% to A$0.19 after co posts near
doubling in qtrly rev 
    ** CV1 set for highest intraday pct rise since Oct 7, 2020 
    ** Co says group rev for Q1 grew 85.4% to A$6.3 mln ($4.59
mln)  urn:newsml:reuters.com:*:nASX9vS2pG 
    ** Attributes performance to shift in strategy to a B2B
focus
    ** ~709,000 shares have changed hands vs 30-day average of
389,000 shares 
    ** Stock hits highest since Sept. 23 
    ** CV1 down 10.81% YTD, as of Wednesday's close 

($1 = 1.3732 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))