Why is the RMA Global (ASX:RMY) share price rising today?

The RMA Global Ltd (ASX: RMY) share price is rising today after the company released its quarterly business update outlining increases in recurring revenue. 

The RMA Global share price is currently up 3.85%, trading at 27 cents per share.

RMA Global is an Australia-based online digital marketing business. It provides data on residential property sales in particular and usually performs strongly in periods of increased housing market demand, such as the current time.

The company generates revenue from subscription services and promoter services. Geographically, it has a presence in the United States, Australia and New Zealand (ANZ), but it derives most revenue from ANZ markets.

RMA Global’s quarterly business update

RMA Global…