Q: I notice Payfare’s share price has been climbing a lot in the past 6 weeks. What do you think explains it? Thx.
5i Research Answer:
PAY shares were halted for a period of time in June/July and investors feared bad news. But the news (it need to file financials) was not as bad as feared. Then, the company reported good earnings (comments posted) for the Q2. It has also benefited from the small cap rally which began this summer as investors anticipate lower interest rates. It is now up 40% this year.