Business
Why the Genetic Signatures (ASX:GSS) share price surged 6% higher today
The Genetic Signatures Ltd (ASX: GSS) share price has been pushing higher with the market today.
In afternoon trade the specialist molecular diagnostics company’s shares are up 3% to $1.96.
Though, at one stage today, the Genetic Signatures share price was up as much as 6% to $2.02.
Why did the Genetic Signatures share price jump higher today?
Investors were buying the company’s shares following the release of a second quarter update that revealed further strong sales growth.
According to the release, Genetic Signatures delivered a 738% increase in quarterly revenue to $8.2 million. This led to the company reporting record unaudited half year revenue of $18.7 million, which was up 638% on the prior corresponding period.
This…
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