RZI) shares at new 52-week high

Raiz Invest Ltd (ASX: RZI) shares are shooting the moon today, rising 7.61% at the time of writing to 99 cents a share. The Raiz share price closed at 92 cents yesterday afternoon before opening at 93 cents this morning. The company’s shares then shot as high as $1.03 (a new 52-week high), before settling to their current price.

At 99 cents per share, Raiz Invest is valued at a market capitalisation of around $70 million.

It’s been a topsy-turvy year for the Raiz share price. It started out the year at 83 cents and climbed as high as 98 cents in February before the coronavirus-induced share market crash hit this company for six. Raiz shares fell almost 70% between 19 February and 23 March. However, they have also risen 230%…