Australia's Little Green Pharma jumps most in 20 months on robust quarterly revenue

Little Green Pharma

17/10/2024 03:22

** Little Green Pharma  LGP.AX  jumps as much as 47.7% to
A$0.13, their largest intraday pct gain since early-Feb 2023
    ** Stock hits highest level since June 5
    ** Medicinal cannabis firm reports quarterly unaudited rev
of A$10.2 mln ($6.8 mln) vs A$7.3 mln last quarter
    ** Says German, UK and French cannabis markets driving
strong growth in European industry demand
    ** More than 1 mln shares traded, 6.6 times the 30-day avg
    ** LGP down 21.4% YTD

($1 = A$1.4908)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))