Shares of Talius Group (ASX:TAL) experienced a significant jump, skyrocketing as much as 42.9% to A$0.010.
This marked their most substantial intraday percentage gain since August 2020.
Talius Group, a provider of technology services, reported that it recorded quarterly revenue of A$3.9 million.
This amount was a robust increase of 149% compared to previous quarters.
Moreover, the company had positive cash flow for the quarter and closed it out with a total cash balance of A$1.6 million.
Talius Group’s shares reached their highest level since October 2nd.
Approximately 6.2 million shares were exchanged during the day, compared to a 30-day average of 622,403 shares.
Despite the surge, TAL stock remains down by 22.2% year-to-date, as of last closing.
Talius Group is a technology services company providing innovative solutions for businesses.