Australia's Nutritional Growth Solutions surges on expansion into US retail

Nutritional Growth Solutions

04/03/2025 03:53

** Shares of Nutritional Growth Solutions NGS.AX jump 33.3% to A$0.032, their highest since February 6

** Stock earlier in the day gained 50%, marking its biggest intraday gain since July 17, 2024

** Nutrition and wellness co reports expansion into the U.S. market via launching its products in retailer Wakefern's ~300 stores

** Co sees potential annualised sales of ~A$1.2 million ($744,360)

** Over 425,000 shares change hands, 1.9x the 30-day avg

** Stock down 20% YTD

($1 = 1.6121 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))