LNU) share price blasts up 30% on product debut

The Linius Technologies Ltd (ASX: LNU) share price is having a top day today. Linius shares are trading at 7.4 cents a share at the time of writing, up 29.82% today.

The Linius share price closed at 5.7 cents yesterday and opened at 5.8 cents this morning, before shooting past the 7.5 cent market shortly after lunchtime for a brief period. At the current share price, this company has a market capitalisation of ~$110 million.

So what is Linius Technologies? And why is this company’s share price going bananas today?

What is Linius Tech?

Linius Technologies is in the business of writing video editing software. The company tells us that it has “cracked the code that makes hyper-personalised video possible”. It was founded back in…