XTEK Ltd () managing director Philippe Odouard updates Proactive Investors on the latest market news which have seen the company’s share price jump from 40 cents to the high 70s.
Odouard said the re-rating could be attributed to US acquisitions, including the newly completed HighCom Armour Solutions Inc deal.
HighCom is a successful and profitable global provider of proprietary body armour and personal protective equipment with a strong focus on the US market.
Oduard said the company now had a clear path to execute its strategy and expand into the US market.
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