Australia's EV scooter maker Vmoto hits highest in over 1 month on robust sales

Vmoto

02/11/2021 01:46

** Shares of Vmoto Ltd  VMT.AX  rise as much as 7.3% to
A$0.44, their highest since Sept 28
    ** The electric scooter manufacturer sells https://www.asx.com.au/asxpdf/20211102/pdf/452h49824ltqhh.pdf
 10,142 units in the third quarter, up 40% from 3Q2020 and up
52% from 3Q2019
    ** Co "confident" of continuing revenue growth for the rest
of FY2021 and beyond as it expects an increase in repeat and new
orders 
    ** Stock tracks its  biggest intraday pct gain since Sept 28
    ** About 825,559 shares change hands, 4.6x their 30-day
average volume of 180,514 shares
    ** Stock down 6.8% this year, as of last close
      

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))