Australia's RooLife surges on strong November coffee sales in China

Roolife

02/12/2025 01:03

** RooLife Group RLG.AX surges as much as 62.5% to A$0.007; marks biggest intraday pct gain since September 22

** Stock hits highest since September 24

** E-commerce firm's November sales from its RLG Coffee brand in China surpasses A$1 million ($653,800)

** Says coffee vertical positioned for double-digit million-dollar annualised sales run rate

** Nearly 44 mln shares traded vs 30-day avg of ~2 mln in stock's busiest session since September 22

** RLG last up 25%, but flat YTD

($1 = A$1.5295)

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))