Australia's Douugh climbs to 7-month high on fintech deal with US firm

Stakk

27/09/2024 02:17

** Shares of Douugh  DOU.AX  rise as much as 100% to
A$0.006, set to gain most since Oct 16, 2020, if gains hold
    ** The fintech firm signs a binding agreement to acquire
U.S.-based Radical DBX - an embedded fintech platform
    ** Stock hits its highest level since Feb 28
    ** About 16.6 mln shares change hands, compared with the
30-day average volume of 245,395
    ** Stock up 33.3% YTD, as of 0103 GMT
    

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))