Australia's Motio hits 15-week high after raising FY25 earnings forecast

Motio

18/11/2024 04:42

Nov 18 (Reuters) - ** Shares of Australian media co
Motio  MXO.AX  jump 37.5% to A$0.044, their highest level since
Aug. 2
    ** Stock posts biggest intraday pct jump since Sept. 23
    ** Co raises FY25 cash EBITDA forecast to over A$1.2 mln
($775,800.00) from more than A$1 mln after reporting strong Q1
results driven by agency media sales
    ** Co continues to focus on monetizing and optimizing its
existing network
    ** Stock has risen 3.2% this year, as of last close

($1 = 1.5468 Australian dollars)

 (Reporting by Nichiket Sunil)
 ((Nichiket.Sunil@thomsonreuters.com;))