EML finally gets a breather
Shares in EML Payments Ltd (ASX: EML) took off in a vertical fashion yesterday after the payments solutions provider confirmed an end to its investigation with the Central Bank of Ireland (CBI).
EML shares were on the down this week just prior to the announcement. They have reversed course over the past 2 days and now trade 32% higher at $3.62. Investors are piling in today as well, with today’s trading volume at 144% of their 4-week average volume so far.
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Go ahead, EML, do your thing
In the update, EML advised that the CBI has given the green light for it to establish a base and start signing customers in Ireland.
EML’s subsidiary, PFS Card Services (Ireland) Limited (PCSIL) was under the Irish regulator’s microscope …
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