Australia's Hygrovest jumps 25% on $2.6 mln divestment plan

Underwood Capital

24/09/2024 07:03

** Hygrovest  HGV.AX  soars as much as 25% to A$0.05,
highest since May 8
    ** Stock sees biggest intraday pct jump since early Dec 2020
    ** Investment management co sells stake in Emerging
Therapeutics Group for A$3.8 mln ($2.6 mln)
    ** More than 751,000 shares traded, 5.9x the 30-day avg
    ** HGV down ~2% YTD

($1 = A$1.4611)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))