Business
Why the Strategic Elements (ASX:SOR) share price is rocketing 36% higher today
The Strategic Elements Ltd (ASX: SOR) share price has been an exceptionally strong performer on Wednesday.
At one stage today, the technology-focused investment and development company’s shares were up as much as 36% to a record high of 92 cents.
When the Strategic Elements share price hit that level, it meant it was up a remarkable 475% in the space of one month.
So, with 378.4 million shares on issue, this gave Strategic Elements a market capitalisation of ~$350 million.
Why is the Strategic Elements share price rocketing higher?
Investors have been scrambling to buy Strategic Elements shares since this time last month due largely to an announcement at the end of the year relating to its printable Nanocube Memory…
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