Why the Cardiex (ASX:CDX) share price, up 73% in 2020, is gaining again today
Bernd Struben | December 15, 2020 3:47pm |
More on:
The
Cardiex Ltd (ASX: CDX) share price is up 3.9% to 5.3 cents in afternoon trading after the company released a positive update on its half year sales.
The rise comes as the wider
All Ordinaries Index (ASX: XAO) is slipping, down 0.2% to 6884 points.
What’s driving the CardieX share price higher?
In its half year sales and corporate update, CardieX revealed it had achieved record sales for the first half of the 2021 financial year. This puts the health technology company in a position to post a 30% increase in sales compared to H1 FY2020. It’s also the strongest first half results the company has posted in 5 years.