The Pro Medicus Ltd (ASX: PME) share price is storming higher in lunchtime trade on Wednesday. At the time of writing, the beaten-down stock is 6.08% higher at $114.72 a piece.
The uptick is welcome news for investors after the stock faced multiple headwinds over the past year, sending its share price crashing. For the year-to-date, Pro Medicus shares are now down 48.47% and they’ve shed a huge 59.54% over the year.
But it looks like the medical imaging technology stock has finally caught a break.
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Why are Pro Medicus shares climbing higher today?
There is no price-sensitive news out of the company today to explain the uplift.
But over the past 48 hours, the company has announced in a note to the ASX that…
