Business
Why the Rhythm (ASX:RHY) share price again reached a new all-time record today
It seems like Rhythm Biosciences Ltd (ASX: RHY) can do no wrong by investors at the moment. Today, the company’s shares have risen to another all-time high record following the update on the initial manufacturing of ColoSTAT.
During early morning trade, the Rhythm share price rose to an intraday high of $1.38. However, some profit taking have led its share to slightly retreat to, at the time of writing, $1.35, up 7.14%.
What’s driving the Rhythm share price to new highs?
The Rhythm share price is breaking new highs as investors are fighting to get a hold of its shares.
In its announcement, Rhythm advised that its global manufacturer, Biotem, has completed initial ColoSTAT prototype test kits. The small-scale production of…
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