BUZZ-Australia's Stakk rises on agreement with Panacea Financial

Reuters12-05 07:19

** Shares of Australia's Stakk SKK.AX rise as much as 17.1% to A$0.041 - highest level since November 25

** Stock posts biggest intraday pct gain since November 25

** SKK on track to snap two consecutive week of losses, up 2.7% in the week so far

** Finance company signs multi-year agreement with Panacea Financial, which operates as a division of Primis Bank FRST.O

** Under deal, Panacea will leverage components of Stakk's embedded finance solution, known as Stakk IQ - SKK

** Stock has risen 457.1% this year, including day's gains

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))

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