Business
Why the PayGroup (ASX:PYG) share price surged 11% today
PayGroup Ltd (ASX: PYG) shares were charging higher today following release of the company’s trading update for November. By the market’s close, the PayGroup share price was up 11.11% to 60 cents.
Let’s take a closer look and see how the human capital management (HCM) solution company performed last month.
What’s driving the PayGroup share price higher?
The PayGroup share price was on a tear today after the company reported trading conditions for its subsidy, AstuteOne, have rebounded strongly from the impacts of COVID-19.
The company said that AstuteOne delivered a 43% increase in timesheets throughout November for both Australia and New Zealand. This was compared with the June period, during which the business was most…
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