Australia's Forbidden Foods hits 2-week high on signing manufacturing agreement

OMG

14/03/2024 01:12

** Shares of Australia's Forbidden Foods  FFF.AX  rise as
much as 14.3% to A$0.016, its highest level since Feb 29
    ** Stock also posts its biggest intraday gain since Feb 29
    ** Multi-brand food firm signs agreement with NSW-based
product development and contract manufacturer, Edenvale Foods 
    ** Deal to manufacture co's Blue Dinosaur product range at
cost price on non-exclusive basis 
    ** Adds deal to unlock cost efficiencies & margin growth
across co's flagship Blue Dinosaur product range over next 9
months
    ** Stock down 17.7% YTD as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))