Australia's Jaxsta hits over 4-month high on stake sale to U.S. co

Vinyl

26/10/2022 03:43

** Shares of Jaxsta Ltd  JXT.AX  climb as much as 68.2% to
A$0.037, their highest since June 7
    ** Music firm says Paul Wiltshire, CEO of U.S.-based music
licensing co Songtradr Inc, acquired a 7% stake in co
 urn:newsml:reuters.com:*:nASX26z58l
    ** Says the acquisition makes Wiltshire co's largest
shareholder
    ** Stock posts its biggest intraday pct gain since Sept 15
    ** More than 2,767,157 shares change hands, almost 8 times
the 30-day average volume 
    ** Stock has fallen 57.7% this year as of last close
($1 = 1.5654 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))