Australia's Nexion Group hits 7-week high on robust quarterly results

Nexion

27/10/2022 01:49

** Shares of cloud services provider Nexion Group  NNG.AX 
rise as much as 20% to A$0.078, hit highest level since Sept 6
    ** Nexion posts first-quarter revenue of A$2.25 mln ($1.46
mln), up 80.02% y/y  urn:newsml:reuters.com:*:nASX1JKJTX
    ** Adds sales are growing strongly with over A$2.8 mln in
total contract value signed in the quarter 
    ** Stock marks best intraday session since last December
    ** More than 157,000 shares change hands, compared with the
30-day average volume of about 33,000 shares
    ** Stock down 61.8% this year, as of last close
    ($1 = 1.5404 Australian dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))