Why the People Infrastructure (ASX:PPE) share price is charging higher today
James Mickleboro | March 15, 2021 10:48am |
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People Infrastructure Ltd(ASX: PPE) share price is charging notably higher on Monday morning.
At the time of writing, the workforce management company’s shares are up a solid 4% to $3.55.
This latest gain means the People Infrastructure share price is now up a sizeable 60% over the last 12 months.
Why is the People Infrastructure share price charging higher today?
Investors have been buying People Infrastructure shares this morning after it announced a new acquisition.
According to the release, the company has entered into a binding agreement to acquire the SwingShift Nurses business.