Australia's Food Revolution jumps on higher-than-expected sales of new product
09/03/2021 02:22
** Shares of Food Revolution Group FOD.AX rise as much as
27.6% to A$0.049, their highest since Oct. 20, 2020
** Food processing co announces launch of product Juice Lab
Super Shots, with three variants selling in Coles COL.AX
stores urn:newsml:reuters.com:*:nASX9BPSGj
** FOD says sales of the products are exceeding expectations
and forecasts have had to be increased
** Following three weeks of the shots being available in
over 160 Coles stores, the range of three variants are selling
200% higher than expectations, FOD says
** Stock posts its biggest intraday percentage gain since
March 8
** More than 39.2 mln shares change hands, compared with the
30-day average volume of abiout 3 mln shares
** Stock had risen 8.6% this year, as of last close
(Reporting by Nikhil Subba in Bengaluru)
((Nikhil.Subba.thomsonreuters.com@reuters.net))