Australia's Stakk soars on agreement with T-Mobile

Stakk

30/09/2025 01:55

** Shares of Stakk  SKK.AX rise as much as 64.7% to A$0.056, their highest since February 7, 2022

** Banking solutions provider says secured a 3-year agreement with leading U.S. telecommunications network provider T-Mobile US TMUS.O

** Under deal, T-Mobile will leverage Stakk’s mobile image capture, image authentication, OCR and document/data orchestration capabilities

** Stock posts its biggest intraday pct gain since September 18

** Over 195 million shares change hands, compared with the 30-day average volume of 28.4 million

** Stock currently up 50%, bringing YTD gains to over 640%

(Reporting by Adwitiya Srivastava in Bengaluru)

((Adwitiya.Srivastava@thomsonreuters.com))