Business
Why the IDT Australia (ASX:IDT) share price is up 150% in just 2 days
The IDT Australia Limited (ASX: IDT) share price was on fire again on Monday.
The pharmaceutical manufacturing company’s shares were up as much as 67% to a multi-year high of 47.5 cents at one stage.
When the IDT Australia share price hit that level, it meant it was up 150% in the space of just two trading sessions.
The company’s shares eventually ended the day with a gain of 52.5% to 43.5 cents.
Why is the IDT Australia share price up 150% in two trading sessions?
Investors have been scrambling to buy IDT Australia’s shares following the release of a positive yet brief announcement at the end of last week.
That announcement revealed that the Australian Government’s Department of Health has been in touch with the company in…
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