Australia's Singular Health gains most in 1-1/2 months after receiving investment

Singular Health

14/03/2024 24:36

** Shares of Australia's Singular Health  SHG.AX  rise as
much as 23.1% to A$0.16, their biggest intraday pct gain since
Feb 1
    ** Stock at its highest level since Feb 5
    ** The medical technology co receives binding commitment of
A$1 mln ($662,700) investment from Craig Sellars, a U.S.-based
technologist-entrepreneur     
    ** Investment at A$0.15 per share, a 36% premium to recent
capital raise issue price of A$0.11 per share - SHG
    ** Around 3.5 mln shares change hands, vs 30-day average
volume of 864,261 shares
    ** Stock up 242.1% YTD, as of last close

    ($1 = 1.5090 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))