Australia's Vection Technologies rises most in 7 months on positive forecast

Vection Technologies

30/06/2022 04:55

** Shares of software development co Vection Technologies
 VR1.AX  rise as much as 30.4% to A$0.073, marking their biggest
intraday pct gain since Nov. 12
    ** VR1 says FY22 revenue expected to be at the mid range of
previously stated guidance of A$17-A$19 million ($11.71-$13.09
million) urn:newsml:reuters.com:*:nASX6lqvM1
    ** Co expects FY22 investments to increase sales for FY23
    ** Shares hit their highest since May 11
    ** More than 5.9 million shares change hands, compared with
the 30-day average volume of 1.5 million shares 
    ** Stock has fallen 58.5% this year, as of last close


($1 = 1.4518 Australian dollars)
    

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))