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.