- Frugl Group (FGL) begins the week in a trading halt while it plans the details of an upcoming capital raising
- The company will remain in the halt until July 14 or when more details regarding the raise are released, whichever occurs first
- On May 12, Frugl launched version 2.1 of its grocery price comparison app on the Apple and Android app stores
- Version 2.1 allows users to narrow their searches using specific filters and find similar and more relevant products based on previous searches and purchases
- Shares in Frugl last traded at 5.2 cents on July 9
Frugl Group (FGL) has begun the week in a trading halt while it plans the details of an upcoming capital raising.
The company will remain in the halt until July 14 or when more details regarding the raise are released, whichever occurs first.
Frugl is yet to disclose how much it intends to raise or what it will use the funds for once received.
On May 12, Frugl launched version 2.1 of its grocery price comparison app on the Apple and Android app stores.
Frugl’s grocery price comparison app compares the costs of products between supermarket such as Coles and Woolworths to create a store-specific shopping list.
It analyses consumer behaviour in real-time and evaluates shifts in product merchandising and price changes across more than 60,000 different products.
Specifically, version 2.1 allows users to narrow their searches using specific filters and allows them to find similar and more relevant products based on previous searches and purchases.
It also boasts increased processing speed and new caching capabilities that will enable future improvements for newer versions.
Shares in Frugl last traded at 5.2 cents on July 9. The company has an $8.50 million market cap.