Australia'a Mighty Craft jumps most in over 1 month on upbeat quarterly update

Mighty Craft

30/01/2023 01:01

** Shares of Mighty Craft Ltd  MCL.AX  jump as much as 8.6%
to A$0.190, their biggest intraday pct gain since Dec 20, 2022
    ** The craft beer maker posts gtrly unaudited group revenue
of A$31.2 mln ($22.18 mln), up 91% 
    ** Sees positive Q3 FY23 outlook across both wholesale and
venues with peak trading momentum to continue in line with
seasonal trends 
    ** Shares touch their highest level since Jan 3
    ** Stock down 41.9% in 2022
    ($1 = 1.4065 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))