Wisr shares down 10pc after second speeding ticket in a week

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Shares in ‘Neo-lender’ Wisr lost down 10 per cent this morning after the company was hit with a second speeding ticket from the ASX in the space of a week.

The bourse first sent Wisr (ASX:WZR) an ASX Price Query last Tuesday, after the company’s shares jumped from 3c to 6.2 cents on July 30.

At lunch today the shares were trading at 5.2c

Wisr said it was unaware of any unreleased information which could have affected its shares, other than positive operational news and an investor presentation from a non-deal roadshow.

On August 1, Wisr announced to the market that it had been appointed to the panel of Connective, a mortgage broker aggregator, which “significantly expanded one of its personal loan origination channels”.

That day, the ASX followed up its initial notice with an ASX Aware Query, asking for further detail on the Connective announcement and whether it was connected to last week’s share price jump.