Australia's Mighty Craft soars on upbeat trading update

Mighty Craft

20/12/2022 02:34

** Shares of Mighty Craft Ltd  MCL.AX  jump as much as 17.7%
to A$0.200, biggest intraday pct gain since Oct 27
    ** The craft beer maker posts total group sales of A$20
million ($13.38 million) for the first 2 months of Q2 2023, up
138% from previous year urn:newsml:reuters.com:*:nFWN3393EC
    ** Shares touch their highest level since Dec 2
    ** Volumes are 7.1x the 30-day average of 78,309 shares
    ** Stock has fallen 45.2% this year, as of last close 
    ($1 = 1.4948 Australian dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))