Australia's Vmoto hits 9-month high on forecasting FY higher sales revenue

Vmoto

09/04/2026 06:20

** Vmoto VMT.AX jumps 16% to A$0.087, highest since July 9

** Stock on track for best day since February 4

** Electric two-wheeler maker expects FY26 sales revenue of A$73.5 mln ($51.8 mln)-A$85 mln, a 57%-82% y/y jump

** About 1.5 mln shares traded, 12.2x the 30-day average; stock logs busiest trading session since early February

** YTD, VMT gains 20.8%

($1 = A$1.4201)

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))