Business
Why the Redflow (ASX:RFX) share price rocketed 39% higher today
The Redflow Ltd (ASX: RFX) share price was among the best performers on the Australian share market today.
The energy storage company’s shares jumped as much as 39% to a 52-week high of 10 cents at one stage.
The Redflow share price ultimately ended the day 35% higher at 9.7 cents.
Why did the Redflow share price rocket higher?
Investors were fighting so hard to get hold of the company’s shares this morning that it received a speeding ticket from the ASX Ltd (ASX: ASX).
And just like Zip Co Ltd (ASX: Z1P) said when it received its own speeding ticket today, Redflow advised that it was “not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the…
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