Australia's SportsHero scales 7-month high on new app launch in Indonesia

SportsHero

30/11/2021 01:34

** Shares of Australia's SportsHero Ltd  SHO.AX  rise as
much as 11.1% to A$0.04, their highest since April 20 
    ** Sports-focussed social media co says it launched football
talent scouting app "Ellevate Football" in Indonesia
 urn:newsml:reuters.com:*:nASXbmdG3P
    ** Indonesian launch expected to generate recurring
subscription revenue, new brand partners and advertisers 
    ** Stock set for best day since Nov. 19 
    ** About 5.1 mln shares change hands, more than four times
the 30-day average of about 1.2 mln shares 
    ** SHO stock up 9.1% this year, as of last close 

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))