Australia's 8Common sees best day in nearly 4 months on contract with Life Without Barriers

8Common

24/12/2020 24:53

** Shares of financial tech co 8Common Ltd  8CO.AX  rise as
much as 52.2% to A$0.175, marking their biggest intraday pct
gain since Aug. 27 
    ** The co, known for its card application and management
product expense8, signs A$1.6 mln ($1.21 mln) contract with
not-for-profit organisation Life Without Borders  urn:newsml:reuters.com:*:nASX7skQ53
    ** Project to commence with rollout of EML Payments-issued
Mastercards to 2,500 people within Life Without Borders
    ** The three-year contract will enable Life Without Borders
to utilise CardHero, which is the co's card payment and expense
management solution platform, for disbursing funds and manage
expenses 
    ** Stock at its highest since Nov. 17
    ** More than 4.4 mln shares change hands, vs the 30-day
average volume of 642,000 shares
    ** Stock has risen 9.5% this year, as of last close
    
  


($1 = 1.3193 Australian dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))