Business
The Cleanspace (ASX:CSX) share price is soaring 12% higher today. Here’s why. // Motley Fool Australia
The Cleanspace Holdings Ltd (ASX: CSX) share price is storming higher today following a positive trading update.
Shares in the respiratory protection equipment provider jumped to as high as $6.80 in opening trade. While shares have since retreated, the Cleanspace share price is still up 12% to $6.50.
In comparison, the All Ordinaries Index (ASX: XAO) is 0.2% lower to 6,639 points.
Let’s take a closer look at what Cleanspace announced today.
Trading update
According to the release, CleanSpace advised that business performance remains strong across key geographical areas in healthcare and industrial sectors. Its product sales mix is 77% healthcare and 23% industrial, and the company reports that geographical sales are evenly split…
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