BUZZ-Australia's Wellard hits 1-year high on getting full control of ship

Reuters
2024-09-23

** Shares of Wellard rise as much as 20.8% to A$0.064, hitting their highest since Feb 23, 2023

** Co set to post largest intraday pct jump since Jul. 1

** Livestock vessel carrier says co has reached agreement to secure full ownership of a freight ship from Ruchira Ships

** Co will pay $5 mln to KPMG Singapore, Ruchira's liquidators

** More than 537,000 shares changed hands vs 30-day avg volume of 21,048 shares

** Stock up 46.3%, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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