The Novatti Group share price gained about 11 per cent on Wednesday and is trading at around 35 cents.
The stock rocketed in early November, almost doubling in the space of two weeks.
Novatti, a digital payments service provider with a market cap of about $36 million, is also yet to turn a profit and reported a loss of about $4.7 million for financial year (FY) 2017.
But Novatti has made a series of announcements this year that have captured the attention of the market, such as its launch of a “Blockchain-powered Global Money Transfer Solution”, a placement to “sophisticated Chinese investor” and a “MOU to enter multi-billion dollar Indian digital payments market”.
As such, the company’s share price has come a long way from the 17 cents it was trading at a year ago.
