Business
Here’s why the Amaero (ASX:3DA) share price rocketed 20% on open
The Amaero International Ltd (ASX: 3DA) share price is performing strongly this morning following news of the company’s agreement with mining giant, Rio Tinto Limited (ASX: RIO). At the time of writing, the metal alloys producer’s shares are up 9.57% to 63 cents.
It’s worth noting that, when news broke out, Amaero shares reached an intraday high of 71 cents, up more than 23%, before some profit taking occurred.
What’s driving the Amaero share price higher?
The Amaero share price is pushing ahead today after the company updated investors with the positive announcement.
According to its release, Amaero has entered into an agreement…
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