iSignthis Limited responded to ASX with regards to the volume traded and the change in the price of the securities of iSignthis Ltd (Entity) that has occurred on 12 July 2018. The Company observed a change in the price of ISX’s securities from a low of 18.5 cents to a high of 22 cents in trading on July 12, 2018 and an increase in the volume of ISX’s securities traded.
Besides this, the group has become a SWIFT user which will enable the identity verification and payment services company to issue International Bank Account Numbers (IBAN). The company enjoys its cash position with zero debt status which will support to execute growth plans without affecting the financial performance of the company. Moreover, the group has also entered into the certification arrangement with a Eurosystem Central bank for a Euro-based account. We expect that this new agreement will allow its corporate and merchant customers to facilitate payments from one IBAN account to another internally at low service cost. The share price went down by 6.047 per cent and traded at $0.202 that is very near to its 52-week high price of $0.220 as on 13 July 2018; 03:30 PM AEST.
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