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Why the DroneShield (ASX:DRO) share price is leaping higher today
Bernd Struben | December 15, 2020 2:30pm |
More on: Image source: Getty Images
DroneShield Ltd(ASX: DRO) shares have today leapt 2.9% higher to 18 cents at the time of writing. In earlier trade, the DroneShield share price jumped by as much as 8.6% before pulling back to its current level.
What did DroneShield announce?
Investors are today driving the DroneShield share price up after the company reported it had received record new customer purchase orders of $2.8 million for the December quarter to date. Its customer cash receipts also leapt higher, hitting $1.6 million, up from $200,000 in the previous quarter.