Australia's Qoria climbs to near six-year high as Aura moves to acquire firm

Qoria

03/02/2026 02:31

** Shares of Qoria QOR.AX rise as much as 50.8% to A$0.505, their highest point since early-April 2020

** Stock gains for fourth consecutive session, if current trend holds

** The technology firm said on Monday after market hours that U.S.-based Aura Consolidated Group would acquire it at an implied valuation of A$972 million ($677.48 million)

** Implied price of A$0.72 is more than two times stock's last close

** Co to become unit of Aura and the combined entity to be listed on Australian Stock Exchange

** About 72.9 million shares change hands, 5.5 times the 30-day avg

** Stock is down 31.2% YTD, including the session's moves

($1 = 1.4347 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))