Australia's Talius Group jumps most in over 3 years on upbeat quarterly update

Talius

10/10/2023 02:23

** Shares of Talius Group  TAL.AX  jump as much as 42.9% to
A$0.010, posting their biggest intraday pct gain since Aug 11,
2020 
    ** The technology services provider says it recognised qtrly
revenue of A$3.9 mln ($2.50 mln), an increase of 149% 
    ** Says co recorded a positive cash flow qtr and closed the
qtr with total cash of A$1.6 mln
    ** Shares hit their highest level since Oct 2 
    ** About 6.2 mln shares exchange hands vs the 30-day average
of 622,403 shares
    ** TAL stock down 22.2% YTD, as of last close 

($1 = 1.5576 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))