Xtek (ASX:XTE) share price soars 7% on AGM update

The Xtek Ltd (ASX: XTE) share price is soaring higher today. This comes after the company updated the market with its annual general meeting (AGM) presentation.

The release has excited investors, sending the Xtek share price to 62 cents, up 7.8%. In comparison, the All Ordinaries Index (ASX: XAO) is down 0.5% to 6,811 points.

What’s driving the Xtek share price higher?

In its AGM presentation, Xtek spoke positively about its recent achievements and long-term future, including the successful acquisition of United States-based HighCom Armor, which will provide an introduction for XTek’s XTclave products to United States government and law enforcement customers. The company’s lightweight armoured plates are already being used in…