Business
Why is the Pointerra (ASX:3DP) share price up 75% so far this year?
The Pointerra Ltd (ASX:3DP) share price was trading strongly higher today despite no news out of the company.
Shares in the 3D data operator’s shares were trading up 8.33% at 91 cents at the close of trade today. This means the Pointerra share price has gained a massive 75% since the start of 2021.
Why is the Pointerra share price flying higher?
The release on 29 January of Pointerra’s quarterly report has proved to be a significant catalyst sending shares higher, with 82% gains recorded post announcement.
In the release, the company continued its strong run of growth with its annual contract value (ACV) standing at US$6.88 million as of 29 January. This means the company’s ACV increased by 18% between quarters and 262% since…
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