Shares of Aspen Group (ASX:APZ) experienced an increase of as much as 3.3% to A$1.735, marking their most fruitful trading day since October 3.

The shares have reached their highest level since October 10, as a result.

The real estate company reported operating earnings for Q1 FY24 of A$6.6 million, an increase from A$5.4 million during the same quarter in the previous fiscal year.

The company indicated it is progressing well on the path to initial FY24 guidance.

A total of 127,558 shares changed hands during this period, higher than the 30-day average volume of 95,171 shares.

Despite the positive performance, the company’s stock has fallen 13.9% this year to date, based on its last closing performance.

The Aspen Group (ASX:AZP) is a leading real estate company involved in property investment and related activities.