Australia's Jaxsta jumps 20% on signing contract for US streaming services

Vinyl

18/08/2023 02:10

** Shares of official music credit platform Jaxsta  JXT.AX 
jump as much as 20% to A$0.064, their best day since July 25, if
trend holds 
    ** Jaxsta signs contract agreement with Mechanical Licensing
Collective for streaming services 
    ** Says the agreement is created to issue blanket mechanical
licenses for qualified streaming services in United States
    ** Total 875,104 shares change hands, twice the 30-day
average volume
    ** Stock hits highest level since July 27
    ** Stock up 48.6% this year as of last close

 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com))