** Shares of Airtasker ART.AX rise as much as 25.8% to A$0.390, their highest level since February 27

** Local services online marketplace operator reports full-year group revenue of A$52.7 mln ($34.08 mln), up 13% yoy

** Co reports second consecutive year of positive free cash flow

** About 2.2 mln shares change hands, 8.3x the 30-day average

** YTD, stock down 23.7%, including current session's move

($1 = 1.5466 Australian dollars)

(Reporting by Ananya Verma in Bengaluru)

((ananya.verma@thomsonreuters.com;))