Australia's Payright hits over 2-month high on strong quarterly show, outlook

Navalo Financial Services

15/10/2021 01:32

** Shares of Australian buy-now-pay-later co Payright Ltd
 PYR.AX  jump as much as 30.43% to A$0.45, highest since Aug. 6 
    ** Co says quarterly gross merchandise value jumped 72% to
A$27.6 mln ($20.46 mln), led by growth in the home improvements
division  urn:newsml:reuters.com:*:nASX6D8tCX 
    ** Total customers increased 58% to 59,300 in the September
quarter; fee income rose 45% to A$3.8 mln  
    ** Co expects to see an uptick across key metrics leading
into November, December and January as lockdowns are lifted
    ** Stock set for biggest single-day pct climb since Aug. 24 
    ** About 356,000 shares change hands, compared with the
30-day average volume of about 40,000 shares 
    ** Stock down 65.5% this year, as of Thursday's close
    
($1 = 1.3490 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))