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Betmakers (ASX:BET) share price jumps 9% to touch 52-week high The Motley Fool Australia
The Betmakers Technology Group Ltd (ASX: BET) share price is up more than 9% this afternoon. Today’s gains put the Betmakers share price at 86 cents a share, a new 52-week high.
With no new announcements out of the wagering company to explain the share price jump, lets take a look at its latest quarterly announcement, released at the end of January.
How has Betmakers been performing recently?
In its second quarter FY21 activities update, Betmakers reported cash receipts for the first half of FY21 of $7.9 million, an increase of 130% on the prior corresponding period.
As of 31 December 2020, Betmakers held roughly $68.6 million worth of cash and cash equivalents.
In its update, the company also announced that it entered into…
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