Stocks of the Hour: Openpay & Magnis Energy

Stocks of the Hour: Openpay & Magnis Energy



 

‘Buy now, pay later’ operator Openpay (ASX:OPY) have proposed an acquisition to boost their UK expansion. The deal would pave the way for a partnership with British peer Payment Assist, to offer different payment plans for users. The company’s share price has dropped from nearly $5.00 per share to $1.67 in the last year. Shares in Open Pay Group are now trading 18.1 per cent higher at $1.67.

Magnis Energy Technologies (ASX:MNS) have achieved positive results in their fast-charging battery program. The company have used optimised cells for their batteries to maximise efficiency and battery life. Shares in Magnis are now trading flat at $0.27.
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Source: Finance News Network

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