These 3 ASX All Ords shares are delivering double-digit gains on Friday

These stocks have each surged more than 20% today.

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The All Ordinaries Index (ASX: XAO) is in the green today, gaining 0.5%. It’s being bolstered by these All Ords shares, each boasting gains of more than 20%.

3 All Ords shares gaining more than 20% today

MoneyMe Ltd (ASX: MME)

The MoneyMe share price is launching higher on Friday, gaining nearly 25% to trade at 71 cents.

The consumer credit business announced it has completed its inaugural term securitisation of personal loan customer receivables this morning.

On top of that, the company increased the capacity of its Autopay warehouse from $300 million to $450 million last month.  

The two events, along with existing arrangements, have increased its external securitisation funding facilities to $1.65 billion, with $388 million of undrawn capacity.

Praemium Ltd (ASX: PPS)

Fellow All Ords constituent Preamium is also seeing its share price rocket higher on Friday. The wealth management-focused tech company’s stock is lifting 20.43% right now to trade at 56 cents.

Its gain follows news the company has successfully divested its international businesses and will now focus on its domestic leg.

The company sold its operations in the United Kingdom, Dubai, Hong Kong, and Jersey for 35 million British pounds sterling.

“This successful divestment will allow Praemium to focus on the enormous opportunity that the Australian wealth market offers,” Praemium CEO Anthony Wamsteker said.

The company plans to return approximately $50 million to shareholders through a special dividend and on-market buy-back following the sale.

Atomos Ltd (ASX: AMS)

Finally, ASX All Ords tech share Atomos is taking off on Friday. Right now, its stock is swapping hands for 24 cents apiece, a 26.32% improvement on its previous close.

Interestingly, no news has been released by the company since the end of May.

However, it did finish yesterday’s session at an all-time low of 19 cents.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Atomos Ltd and Praemium Limited. The Motley Fool Australia has recommended Praemium Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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