Business
Why the IntelliHR (ASX:IHR) share price rocketed 26% higher to a 52-week high
The IntelliHR Ltd (ASX: IHR) share price has continued its positive run and stormed higher on Thursday.
In fact, at one stage the human resources technology company’s shares were up 26% to a 52-week high of 36.5 cents.
At the time of writing, the IntelliHR share price is up almost 21% to 35 cents.
Why is the IntelliHR share price at a 52-week high?
Investors have been buying the company’s shares this week after the release of an investor day update.
At the event, the company reminded investors how it is performing in FY 2021 and its plans for the future.
In respect to the former, during the first five months of FY 2021, the company’s subscribers have increased 148% year on year and more than doubled since the end of the last…
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