ASX-listed Way 2 Vat soars on strong third-quarter performance

Way 2 Vat

28/11/2022 24:15

** Shares of Way 2 Vat Ltd  W2V.AX  rise as much as 32% to
A$0.033, post their biggest intraday percentage gain since Oct
24 
    ** Israel-based tech firm says annualised gross transaction
volume run rate equates to over A$19.47 mln ($13.07 mln) for Q3,
an increase of 43% from a year earlier 
    ** Says volume rose due to operating conditions for business
travel returning to pre-COVID levels and increasing usage
through platform partners and enterprise customers
    ** Stock hits its highest level since Oct. 26 and on track
for a third straight session of gains 
    ** W2V down 83.3% this year, as of last close 
($1 = 1.4894 Australian dollars)
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))