Shares of EML Payments Limited (OTCMKTS:EMCHF) were up 50% during mid-day trading on Monday . The stock traded as high as $4.20 and last traded at $4.20. Approximately 1,000 shares were traded during trading, a decline of 92% from the average daily volume of 11,967 shares. The stock had previously closed at $2.80.
Separately, Royal Bank of Canada lowered shares of EML Payments from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 6th.
The company’s fifty day moving average is $2.80.
EML Payments Limited provides prepaid payment services in Australia, Europe, and North America. Its portfolio of payment solutions offers options for disbursement payouts, gifts, incentives, and rewards, as well as white label payments and banking-as-a-service technology. The company issues mobile, virtual, and physical card solutions for various corporate brands.
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