Australia's Zoom2u Technologies eyes best day in nearly 3 months on e-commerce platform buy

Locate Technologies

09/12/2021 04:54

** Shares of Zoom2u Technologies Ltd  Z2U.AX  soar as much
as 38.2% to A$0.47, set for their best day since Sept. 15
    ** SAAS provider for delivery and services businesses says
it will buy e-commerce platform Shopify for A$880,000 
($631,136.00)  urn:newsml:reuters.com:*:nASX3jG3kQ
    ** Co says deal will help expand its presence in North
America and United Kingdom, among others
    ** Stock hits highest since Nov. 17
    ** Volumes are about 6.6 times the 30-day average of 229,461
    ** As of Wednesday's close, stock down 20.9% this year

($1 = 1.3943 Australian dollars)

 (Reporting by Navya Mittal)
 ((Navya.Mittal@thomsonreuters.com;))