Australia's IXUP rises on securing $6.5 mln online gambling contract in Canada

Dataworks

02/08/2024 01:45

** Shares of IXUP  IXU.AX  rise as much as 13% to A$0.026,
their highest since Feb 27
    ** The Australian technology firm says it secured A$10 mln
($6.49 mln) online gambling self-exclusion contract in Ontario,
Canada through its North American partner IC360
    ** Says the contract is expected to be cashflow-accretive to
co from year one of operation
    ** About 3.2 mln shares change hands, compared with the
30-day average volume of 819,314
    ** Stock has fallen 24.2% this year, as of last close

   ($1 = 1.5406 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))