Australia's Seafarms posts biggest gain in 5 yrs on Japanese investment

Nissui

23/05/2018 02:04

** Shares of aquaculture developer Seafarms Group Ltd
 SFG.AX  rise as much as 45.5 pct to A$0.096, their highest
since February 2017
    ** Company says Japanese seafood producer
Nippon Suisan Kaisha  1332.T  to invest A$25 mln ($18.9 mln)
 urn:newsml:reuters.com:*:nASXbTnzCx
    ** Stock posts biggest intraday pct gain since February 2013
    ** More than 5.9 mln shares change hands, compared to 30-day
avg of 629,900 shares

($1 = 1.3215 Australian dollars)

 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))