BUZZ-Australia's Freelancer jumps on higher quarterly GMV

Reuters2024-10-23

** Shares of Freelancer rise as much as 14.7% to A$0.195, set for their biggest intraday gain since Aug. 13

** Stock hits its highest level since Oct. 2

** Online outsourcing marketplace operator reports a third quarter gross merchandise value $(GMV.AU)$ of A$279.8 million ($187.05 million), up 25.9% from last year

** About 35,000 shares change hands, compared with the 30-day average volume of around 17,000

** Stock up 2.7% YTD, including session's move

($1 = 1.4959 Australian dollars)

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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