BUZZ-Australia's RooLife surges on strong November coffee sales in China

Reuters12-02
BUZZ-Australia's RooLife surges on strong November coffee sales in China

** RooLife Group RLG.AX surges as much as 62.5% to A$0.007; marks biggest intraday pct gain since September 22

** Stock hits highest since September 24

** E-commerce firm's November sales from its RLG Coffee brand in China surpasses A$1 million ($653,800)

** Says coffee vertical positioned for double-digit million-dollar annualised sales run rate

** Nearly 44 mln shares traded vs 30-day avg of ~2 mln in stock's busiest session since September 22

** RLG last up 25%, but flat YTD

($1 = A$1.5295)

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))

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