Australia's Xref hits 10-month high as unit signs deal with Coles Group

Xref

11/05/2022 05:50

** Shares of HR technology developer  XF1.AX  soar as much
as 21.6% to A$0.535
    ** Stock set for its best day since July  2021, if gains
hold 
    ** Co says its ID verification business, RapidID, has won a
tender to undertake identity and working rights check for
Australia's No. 2 grocer, Coles Group  COL.AX   urn:newsml:reuters.com:*:nASX57xJw 
    ** Says Coles and RapidID have signed a three-year contract
with an initial guaranteed minimum spend of A$0.3 mln in the
first year ($208,650.00)
    ** Shares hit their highest since May 3 
    ** More than 471,000 shares change hands as compared with
the 30-day average volume of ~149,370 
    ** Stock down 35.3% this year, as of last close, vs a 5.5%
fall in the benchmark S&P/ASX 200 index  .AXJO  



($1 = 1.4378 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))