Australia's Propell Holdings jumps on record monthly lending volumes

Propell Holdings

24/05/2024 02:35

** Shares of Propell Holdings  PHL.AX  rise as much as 18.2%
to A$0.013, their highest since May 13
        ** Stock posts its biggest intraday percentage gain
since May 16
    ** Small and medium business financing co reports record
monthly lending volumes for April 
    ** Says volume growth will positively impact income for half
year
    ** Over 1 mln shares change hands, compared with the 30-day
average volume of about 147,000
    ** Stock was flat YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))