Why the Keytone Dairy (ASX:KTD) share price is up 8% today

The Keytone Dairy Corporation Ltd (ASX: KTD) share price is on fire today, up 8.12% to 26 cents at the time of writing. Keytone shares closed at 24 cents on Friday afternoon, but opened at 26 cents this morning and were up to 28 cents at one point, a rise of more than 16% at the time.

Despite this strong showing today, Keytone isn’t having a great year in terms of share price performance. Keytone shares remain down 33% year to date on this pricing, and down more than 40% from the highs of 46 cents we saw back in mid-April.

So why is this dairy company seemingly in investors’ good books today?

Why the Keytone share price is surging today

Today’s Keytone share price performance is most likely due to an ASX release the company…