Australia's Kneomedia jumps as New York initiative receives further commitment

Kneomedia

11/05/2021 04:38

** Shares of Kneomedia  KNM.AX  rise as much as 22.2% to
A$0.011, post their biggest intraday percentage gain since Jan.
22 
    ** New York City councillors have committed a further $3 mln
to the Connect ALL Kids education initiative into the city's
public schools  urn:newsml:reuters.com:*:nASX7syVKM
    ** Online education publisher KNM's share of this third
deployment is $780,000 
    ** The initiative, rolled out by co's unit Kneoworld, Dell
and the National Association for the Advancement of Coloured
People, provides technology and content to public school
students 
    ** About 9.1 mln KNM shares change hands, compared with a
30-day average of 2.3 mln shares 
    ** Stock down 50% this year, as of last close

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))