The iSignthis Ltd (ASX: ISX) share price fell 14% yesterday.
iSignthis is listed on the ASX and Frankfurt Stock Exchange. It provides remote identity verification and payment authentication combined with e-money, transactional banking, IBAN issue and payment processing capability. Its products and businesses are iSignthis Paydentity, ISXPay, UAB Baltic Banking Service and Probanx Information Systems.
iSignthis Share Price Drops 14%
The iSignthis share price fell 14% on Wednesday, marking a very volatile week for the fintech company.
A few days ago the business announced a solid operational update, its annualised monthly gross processing turnover volume (GPTV) has exceeded $1.1 billion, which was 160% higher than what it was at 30 June 2019.
Business customers at the end of August 2019 were up 28% to 270, up from 210 at 30 June 2019.
By Tuesday afternoon the iSignthis share price was up 29%. And since the start of the year the share price is up 840%. But it seems like some shareholders wanted to take some profits off the table with how well the share price has done – since the Tuesday afternoon high it’s down 19%.
Despite the fall, I’d much rather buy the growth shares in the free report below which are probably better value.
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