Australia's PeopleIn gains on confirming strategic review

PeopleIn

22/11/2022 23:52

** Shares of PeopleIn  PPE.AX  jump as much as 6.5% to
A$3.29, their best day since Aug. 26 - if gains hold 
    ** The employment services co confirms that it is currently
undertaking a strategic review of its operations to enhance
shareholder value  urn:newsml:reuters.com:*:nFWN32I2RC
    ** Says review in place is just in preliminary phase, and
there is no certainty that strategic review will result in a
transaction 
    ** Shares hit highest since Nov. 14; rises for a third
consecutive day 
    ** Stock has fallen 29.6% this year, as of last close
 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))