Australia's Iodm jumps more than 30% on new contract

Iodm

30/06/2021 04:54

** Shares of Iodm Ltd  IOD.AX  soar as much as 31.8% to
A$0.290, their highest since Oct. 22, 2019
    ** Cloud-based software-as-a-service provider says it signed
transactional contract with Western Union Business Solutions
(WUBS) in the UK 
    ** Says contract allows WUBS to provide the IODM platform to
existing and new clients in the education sector in the UK 
    ** Stock posts its biggest intraday pct gain since March 25,
2020
    ** Nearly 984,200 shares change hands, vs the 30-day average
volume of ~129,900 shares
    ** Stock had risen 37.5% this year, as of last close

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