Skin Elements (ASX:SKN) share price climbs 9% today. Here’s why

Skin Elements Ltd (ASX: SKN) shares are surging higher today following the company’s announcement it has entered into a distribution agreement that would see its products sold and marketed online. At the time of writing, the Skin Elements share price is trading 8.57% higher at 7.6 cents.

In earlier trade, Skin Elements shares climbed by as much as 10% before retreating to their current level.

What’s moving the Skin Elements share price?

The Skin Elements share price is on the move after the company reported it has entered into an agreement with West Coast Naturals Pty Ltd. The agreement relates to the online sales of Skin Elements’ SE Formula range of organic health care and beauty products.

According to the release, West…