Business
The Zicom Group (ASX:ZGL) share price shot up 128% today // The Motley Fool Australia
The Zicom Group Limited (ASX: ZGL) share price has had an exceptional trading run today, closing 128% higher at 13 cents.
The Zicom share price blasted off the blocks this morning – even reaching a new 52-week high of 22 cents – off the back of a multi-million dollar deal announced yesterday.
Zicom Group is an integrated manufacturer of marine deck machinery, fluid regulating and metering stations, transit concrete mixers, foundation and geotechnical equipment and precision engineered and automation equipment. The company also provides production integration solutions and hydraulic system services.
Why is the Zicom share price rocketing?
Yesterday, Zicom announced a $60 million deal to design and supply LNG propulsion…
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