Why the iCandy (ASX:ICI) share price is surging 7%

The iCandy Interactive Ltd (ASX: ICI) share price is surging 6.7% higher today after the company announced its game Masketeers reached $1 million in revenue. The news sent the iCandy share price flying nearly 17% higher to 17.5 cents before a retracement to its current level of 16 cents.

Shares in the online gaming developer have also soared in recent months, gaining 700% since the start of September.

What happened?

Just after market open this morning, iCandy announced that its “smash-hit” game Masketeers has reached the milestone level of revenue. In the process, the game has also become the fastest in iCandy’s history to reach the $1 million mark, taking only 63 days.

This easily surpassed the 9 month record the company’s…