Business
Why the oOh!Media (ASX:OML) share price is gaining today
The oOh!Media Ltd (ASX: OML) share price has surged 5.75% higher to $1.84 this morning, on the release if its business and 2020 financial year trading update.
After a horror first 3 months of the year, which saw oOh!Media’s share price crash by 81% between January and 30 March as coronavirus lockdowns saw demand for its outdoor advertising business dry up, the company has been steadily regaining ground.
Since the 30 March lows, the share price is up 200%. Year-to-date, shares remain down 42%. By comparison the S&P/ASX 200 Index (ASX: XJO) is up 2%.
What does oOh!Media do?
oOh!Media Ltd specialises in outdoor and public venue advertising and communications. The company operates in Australia and New Zealand. oOh!Media boasts an…
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