Australia's Propell eyes best day in 6 months on quarterly results

Propell Holdings

08/04/2022 04:35

** Shares of Propell Holdings  PHL.AX  jump as much as 19.1%
to A$0.081, set for their best day since October 2021, if gains
hold
    ** The small and medium enterprises-focused fintech says
platform customers grew to more than 1,700 in current quarter,
up 35% compared with last quarter  urn:newsml:reuters.com:*:nASX1wv8LR
    ** Adds that new lending grew more than 3 times in Q3
compared to Q2 
    ** Stock hits highest level since March 4
    ** More than 1.2 mln shares change hands, compared with the
30-day average volume of about 191,000 shares
    ** Stock is down 24.4% this year, as of last close

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))