Australia's Cettire rises as founder buys shares worth nearly $2 million

By Reuters News

** Shares of Cettire CTT.AX, an online luxury goods retailer, rise as much as 25.5% to A$0.295, their highest point since June 2

** Stock set for a second consecutive day of gains, if current trend holds

** Founder and Director Dean Mintz bought 11.4 million fully paid ordinary shares on September 30 for nearly A$2.7 million ($1.87 million)

** Mintz now holds 148.6 million fully paid ordinary shares

** YTD, stock down over 60%


($1 = 1.4405 Australian dollars)

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