Business
98% surge in IOUpay (ASX:IOU) share price triggers speeding ticket – The Motley Fool Australia
The IOUpay Ltd (ASX: IOU) share price came to a brief standstill today after being placed into a trading halt. We take a closer look.
Shares in the Malaysia-based buy now, pay later (BNPL) provider IOUpay Ltd(ASX: IOU) were placed into a temporary trading halt this morning. This came after the IOUpay share price skyrocketed nearly 98% to an intraday high of 85 cents in early trade.
In less than an hour of trading, IOUpay shares traded over $62 million worth of volume. This level of turnover is more than double the company’s monthly average volume. Consequently, the ASX’s figurative eyebrows were raised.
What’s the go with the…
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