Australia's Polynovo jumps most in 8 months on record monthly sales

Polynovo

07/06/2023 03:46

** Shares of medical devices maker Polynovo Ltd  PNV.AX 
rises as much as 17.5% to A$1.710, their biggest intraday pct
jump since October 2022
    ** Says logged record monthly sales of A$7.2 mln ($4.80 mln)
in May
    ** U.S. sales were a record A$5.2 mln in May, up 97.3% y/y
    ** PNV at its highest level since May 2; nearly 4.6 mln
shares change hands, vs the 30-day average of 2.3 mln shares
    ** PNV second-biggest gainer in the ASX All Ordinaries index
 .AORD 
    ** Down 28% this year, as of last close, vs a 1.4% increase
in the ASX All Ordinaries index

($1 = 1.4999 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))