Market Herald surges on upbeat pilot results of its digital fintech platform

Gumtree Australia Markets

21/01/2021 03:36

** Shares of Market Herald  TMH.AX  surge as much as 25% to
A$0.350 - biggest intraday pct gain since May 26
    ** Stock hits highest level since Aug. 31
    ** Stock trading and investment management services provider
announces successful North American pilot results of its digital
capital rising fintech platform, DealRoom  urn:newsml:reuters.com:*:nASX1VGC9v
    ** Says pilot results included 21 DealRoom pilot cos with
combined capitalisation of A$223 mln ($173.36 mln) 
    ** Says pilot results had 4 North American exchanges, TSX,
TSXV, CSE and US OTC served by DealRoom 
    ** Says 917 investor profiles created on fintech platform
with A$2.4 mln committed by investors 
    ** Nearly 133,976 shares changed hands compared with 30-day
average volume of ~111,414
    ** Stock had risen 3.7% this year, as of last close
    
  


($1 = 1.2863 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))