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Why the Spirit (ASX:ST1) share price is shooting the lights out today – Motley Fool Australia

Spirit Telecom Ltd (ASX: ST1) released its Q1 FY21 update to the market. The news sent its share price flying 10.1% higher to 41 cents.

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Spirit Telecom Ltd(ASX: ST1) released its Q1 FY21 update to the market today, sending its shares flying in opening trade. The Spirit share price rocketed up 10.8% to 41 cents before dropping back to 39 cents, up 5.4%, at the time of writing. This compares to the All Ordinaries Index (ASX: XAO) which is marginally higher at 0.8% to 6,396 points.
Let’s take a look at how Spirit performed over the first quarter.
Record performance
Spirit announced record growth and scale in its quarterly update …

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