Business
Why the Cardiex (ASX:CDX) share price, up 73% in 2020, is gaining again today
The Cardiex Ltd (ASX: CDX) share price is up 3.9% to 5.3 cents in afternoon trading after the company released a positive update on its half year sales.
The rise comes as the wider All Ordinaries Index (ASX: XAO) is slipping, down 0.2% to 6884 points.
What’s driving the CardieX share price higher?
In its half year sales and corporate update, CardieX revealed it had achieved record sales for the first half of the 2021 financial year. This puts the health technology company in a position to post a 30% increase in sales compared to H1 FY2020. It’s also the strongest first half results the company has posted in 5 years.
The company attributed the strong sales growth to continuing strength in sales to the research market along with…
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