Australia's Singular Health jumps on investment by US firm

Singular Health

17/11/2023 02:57

** Shares of Singular Health Group  SHG.AX  rise as much as
18% to A$0.046, their biggest intraday pct gain since Aug. 16
    ** Stock hits its highest level since Aug. 23, and is last
up ~10.3% at 0255 GMT
    ** Medical software co says U.S.-based CG1 Ventures will
subscribe to an A$850,000 ($549,440.00) placement of SHG shares
at 5.5 Australian cents per share
    ** Issue price represents a 41% premium to stock's last
close
    ** About 274,880 shares change hands, compared with the
30-day average volume of 50,742

($1 = 1.5470 Australian dollars)

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