Shares of Net 1 UEPS
Technologies Inc. (NASDAQ: UEPS) saw a huge rally in trading on Wednesday after
the Johannesburg, South Africa-based company announced that its subsidiary
secured a contract with the South African Social Security Agency (SASSA).
Net 1 UEPS Technologies
shares rose to an intra-day high of $9.13 on Wednesday before finishing the day
32.74% higher at $8.92 on above average volume of 3.28 million. The rally has
pushed Net 1 UEPS shares above their 50-day and 200-day moving averages.
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