Australia's Medical Developments jumps on higher quarterly revenue

Medical Developments International

29/04/2025 02:36

** Shares of Medical Developments International MVP.AX  rise 32.3% to A$0.615, their highest levels since March 24

** The healthcare co posts FY25 Q3 revenue of A$8.9 million  ($5.72 million), A$0.3 million up on the prior corresponding period

** Stock posts its biggest intraday percentage drop since January 31

** About 404,704 shares change hands, 2.8x times the 30-day average of 146,038

** Stock up 48.2% YTD, including moves in current session

($1 = 1.5564 Australian dollars)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))