Smartpay shares soar to 20-month high on tiny volumes

Mon, 18 Jul 2016

By Paul McBeth July 18 (BusinessDesk) - Smartpay shares jumped to a 20-month high on tiny volumes, marking the biggest gain on the NZX's main board today. The shares jumped 41 percent, or 6.5 cents, to 22.5 cents on the NZX, the highest they've been since November 2014. Some 15,500 shares changed hands, less than a tenth of the 119,300 average daily volume over the past year. The company is dual-listed, and the shares were unchanged at 18 Australian cents on the ASX. "It's obviously a discount broker or someone not familiar with the...

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