The stock price of Engage:BDR Limited (ASX:EN1) spurted up as much as 22.2% to A$0.006, registering its biggest intraday percentage gain since 11 February 2021.
The advertising firm has signed a partnership with Acceptable Ads Exchange, a unit of Eyeo, the company that owns Adblock Plus, an open-source browser extension used to block advertisements.
The particular partnership enables the company to show advertisements to users who use Adblock Plus.
EN1 has stated that the partnership is expected to be fully live and produce recurring revenue from early next week.
Over 24.7 million shares were traded as compared to the 30-day average volume of 12.4 million shares.
Meanwhile, the stock was trading at A$0.005 per share, up 22.222% at 11:39 AM AEDT.