Why the Tinybeans (ASX:TNY) share price is soaring 13% higher today

Tinybeans Group Ltd (ASX: TNY) shares are soaring higher today following the company’s release of a positive trading update. At the time of writing, the Tinybeans share price is up 13.1% to $1.38. In earlier trade, Tinybeans shares reached as high as $1.43 before retracing slightly.

What’s driving the Tinybeans share price higher?

Investors are today driving the Tinybeans share prive higher after the company updated the market with a forecast record performance for the second quarter of FY21.

According to the release, Tinybeans advised it saw strong trading conditions in October and November, with December remaining favourable.

Revenue for the end of the second quarter is projected to be around $3 million. This represents a…