Here’s why the Nearmap Ltd share price just skyrocketed March...

Here’s why the Nearmap Ltd share price just skyrocketed

March 29, 2017

Prior to today, in the last two weeks the Nearmap Ltd (ASX: NEA) share price had tumbled over 22% despite there being no news out of the aerial imaging company.
Concerns over its slower-than-expected progress in the lucrative U.S. market appear to be behind the sell-off.
But thankfully for its shareholders the company has attempted to quash these concerns with the release of a business update this morning.
In early trade Nearmap’s share price has responded positively and jumped 18% to 52 cents.
Today’s update revealed that so far in the third quarter of FY 2017 Nearmap is on track to post its strongest trading quarter year-to-date with the addition of $3 million worth of incremental annualised contract value (ACV).

All of it:

http://www.fool.com.au/2017/03/29/heres-why-the-nearmap-ltd-share-price-just-skyrocketed/