Business
Lark Distilling (ASX:LRK) share price just hit a new 52-week high
The Lark Distilling Co Ltd (ASX: LRK) share price has been on a run today, twice hitting a new 52-week high of $1.98. Despite there being no news from the Tasmanian whisky maker, its share price continues to climb on high volume.
At the time of writing, the company’s shares are up more than 4% trading at $1.96. So, what has Lark been doing to garner such attention? Let’s take a look.
Results showing growth
Lark reported its half-year accounts towards the end of February. Pleasingly for shareholders, these numbers showed continued growth in the distilling business. Revenue from activities grew a significant 91% to $7.29 million for the period. Additionally, the company managed to turn profitable, with $542,436 in profits from…
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