** Shares of Forbidden Foods FFF.AX rise as much as 40% to A$0.014, its biggest intraday pct gain since Oct. 31

** The health & wellness food co reports October group sales of A$360,000 ($237,744.00), a 44% rise from September

** Co sees sales momentum for combined entity to continue in December quarter

** Stock hits its highest level since Oct. 31

** 3.7 mln shares change hands, compared with the 30-day average volume of 420,514

** Stock down 29% YTD as of 0253 GMT

($1 = 1.5142 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com;))