Business
SciDev (ASX:SDV) share price surges 8% on this announcement
The SciDev Ltd (ASX: SDV) share price has surged up today, after the company announced record quarterly sales in its United States oil and gas business.
At the time of writing, the SciDec share price is trading up 7.64% at 78 cents.
What’s moving the SciDev share price?
Investors are buying the water engineering company’s shares today, after it announced increased activity levels within its US oil and gas sector business.
It says that drilling activity continues to recover from the COVID-19 lows of the June quarter, and the company is continuing to win business, gain market share and grow revenue in the sector.
The second-quarter FY21 revenue from the oil and gas sector is now forecast to be approximately $4 million, ahead of…
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