EVT) shares are shooting higher

The Event Hospitality and Entertainment Ltd (ASX: EVT) share price is having a wild day. Event shares closed at $11.06 yesterday but opened at $11.77 this morning.  The share price has been bouncing around this level ever since, despite a quick but sharp drop to $11.31 soon after market open.

Event shares are trading at $11.74 at the time of writing, a 6.15% rise for the day. Today’s move caps off what has been a great, if volatile, year for the company. Event was hard-hit in the coronavirus-induced market crash last year. The company bottomed out at a share price of $5.44 back on 23 March 2020. But it has been onwards and upwards for…