Business
Why the Bubs (ASX:BUB) share price is up 5% today – The Motley Fool Australia
The Bubs Australia Ltd (ASX:BUB) share price is on the march today, up 5%. Here’s what might be pushing up the goat formula company’s shares.
The S&P/ASX 200 Index (ASX: XJO) is having a fabulous day today, up 0.51% to 6,921 points, a new 52-week high for the index. But the Bubs Australia Ltd(ASX: BUB) share price is doing one better. Putting the fab in fabulous, Bubs shares are up 5.15% at the time of writing to 51 cents a share. This rise puts Bubs close to 11% from the lows we saw just last week, when Bubs hit a new 52-week low of 46 cents.
As that low implies, it’s not such a good view of Bubs if we zoom out. Back in May last year,…
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