Australia's Pure Foods Tasmania rises on seafood business acquisition

Pure Foods Tasmania

02/04/2026 03:43

** Shares of Australia's Pure Foods Tasmania PFT.AX rise as much as 17.4% to A$0.027

** About 88,887 shares traded so far, 1.3x the 30-day avg

** Food and beverage co says it will acquire seafood product business Brilliant Food Australia for A$300,000 ($206,790.00) in PFT shares

** Says Brilliant Food Australia to acquire stake in PFT at A$0.03 per share totalling A$200,000

** Stock down 12.9% YTD

($1 = 1.4507 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))