Business
Why the Xtek (ASX:XTE) share price is rising today
The Xtek Ltd (ASX: XTE) share price is on the rise today after the company announced its United States subsidiary, HighCom Armor Solutions, has received new customer orders. This comes following Xtek gaining approval of permanent export licences for its ballistics products to Mexico City.
At the time of writing, the Xtek share price is up 1.71% to 59.5 cents after reaching as high as 61.5 cents in earlier trading. In comparison, the All Ordinaries Index (ASX: XAO) is down 0.6% to 6,859 points.
What’s driving the Xtek share price higher?
The Xtek share price is gaining ground today as investors are apparently pleased with the company’s strategic direction.
According to the company’s release, Xtek has secured an order for $2.1…
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