Business
Why the TerraCom (ASX:TER) share price is soaring 19% today
TerraCom Ltd (ASX: TER) shares are soaring today after the company provided investors with an operational update. At the time of writing, the TerraCom share price is up a whopping 18.75% to 19 cents.
TerraCom is a resource company with a large portfolio of assets in Queensland as well as in South Africa. The business is currently undergoing a growth strategy to become a mid-tier player in the coal industry.
What’s driving the TerraCom share price?
The TerraCom share price is rocketing higher today, with investors clearly happy about the way the company is operating.
According to its release, TerraCom is continuing to deliver a robust performance at its Blair Athol coal mine in Australia.
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