ASX-listed Nutritional Growth Solutions surges on signing exclusive partnership

Nutritional Growth Solutions

17/07/2024 03:58

** Shares of Nutritional Growth Solutions  NGS.AX  rise as
much as 50% to A$0.006, their highest level since April 29
    ** Israel-based child nutrition firm says it entered an
exclusive intellectual property licence agreement to produce and
distribute The Healthy Chef's products in the U.S. and Canada
    ** Says it expects revenue increase of more than A$2.2 mln
($1.5 mln) in first year of trading after launch of products
    ** About 15.1 mln shares change hands by 0247 GMT, 4.1 times
the 30-day average
    ** Stock has fallen 71.4% this year, as of last close


($1 = 1.4839 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))