Australia's Forbidden Foods hits 2-month high on robust Nov ecommerce sales

OMG

06/12/2023 04:43

** Shares of Forbidden Foods  FFF.AX  rise as much as 5.9%
to A$0.018, their highest since Oct. 4 
    ** Stock posts its biggest intraday pct gain since Nov. 27
    ** Multi-brand food firm says November ecommerce sales for
Blue Dinosaur range products is A$107,225 ($70,725.61), an
increase of 70% from October
    ** Adds co is in negotiations for additional sponsorship
partnerships with several major health and fitness focused
events across Australia in 2024
    ** About 793,128 shares change hands, compared with the
30-day average volume of 67,437 
    ** Stock has fallen 37% this year, as of last close


($1 = 1.5161 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))