Business
Why the Aerometrex (ASX:AMX) share price is surging 9% higher
The Aerometrex Ltd (ASX: AMX) share price has been a particularly positive performer on Tuesday.
In afternoon trade the aerial mapping company’s shares are up a sizeable 9% to $1.31.
Why is the Aerometrex share price surging higher?
Investors have been buying Aerometrex shares today following the release of an update on its US operations.
According to the release, the Nearmap Ltd (ASX: NEA) rival has signed its first enterprise client in the United States market. And while the company hasn’t named the customer, the release explains that it is a leading US Defence contractor.
In addition, although the financial impact of the sale is immaterial, management believes it is an exciting milestone in the company’s growth…
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