Australia's Jayride hits near 4-week high driven by new software deal

Jayride

29/09/2025 01:56

** Shares of Jayride Group JAY.AX rise as much as 33.3% to A$0.008, their highest since Sept. 2

** Online travel marketplace says it entered into a Software-as-a-Service agreement with Drivemate, a Thailand-based car-sharing platform

** Under the deal, Jayride will build and deploy mobile apps for renters and hosts, a management console, and integrated payments and insurance APIs for Drivemate

** Stock posts its biggest intraday pct gain since Sept. 15

** JAY currently up 17%, bringing YTD gains to more than 150%

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))