Business
Why the K-Tig (ASX:KTG) share price opened 10% higher today
The K-Tig Ltd (ASX: KTG) share price was climbing today following the company’s announcement regarding a signed Memorandum of Understanding (MoU) with a South Korean military manufacturer.
At the market’s open, the welding technology company’s shares jumped 10% to trade at 55 cents. However, by the end of the day, the K-Tig share price had retreated back to 51 cents, up 2% for the day.
What did K-Tig announce?
The K-Tig share price was running higher after the company provided investors with an update that could propel its future prospects.
According to its release, K-Tig has entered into an MoU with Hanwha Defence Australia Pty Ltd and…
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