Business
Why the AJ Lucas (ASX:AJL) share price rocketed 120% today
AJ Lucas Group Limited (ASX: AJL) shares have been among the best performers on the ASX today on the back of the company’s FY21 first-half (H1 FY21) results. By the market’s close, the AJ Lucas share price had risen an astonishing 120% to 5.5 cents. In earlier trade, AJ Lucas shares surged by as much as 380% to 12 cents before retracing to their current level.
Let’s take a closer look and see what’s driving the drilling services company’s shares.
What pushed the AJ Lucas share price higher?
The AJ Lucas share price rocketed higher in mid-afternoon trade as investors appeared upbeat with the company’s latest performance.
According to its release, AJ Lucas reported a drop in revenue, but a significant gain in net profit…
-
Noosa News13 hours agoWoman dead and man rushed to hospital with gunshot wound following crash near Aussie World on Queensland’s Sunshine Coast
-
General18 hours agoBoy dies after being trapped between rocks off NSW beach
-
Noosa News19 hours agoFarmer Fred Perry’s 30-year conservation project creates bird haven after years of ‘bashing and burning’
-
Noosa News19 hours agoDetectives continue to search for answers on Crystal Beale’s death