One of the biggest movers on the market today has been the Fastbrick Robotics Ltd (ASX: FBR) share price.
The shares of the company behind the Hadrian X robot bricklayer climbed 14% higher to reach an all-time high of 20.5 cents.
Why are its shares at an all-time high?
Whilst there was no news out of the company today, investors have been fighting to get hold of Fastbrick Robotics' shares in recent weeks following a major announcement.
That announcement was a US$2 million placement of shares with global construction and mining equipment manufacturer Caterpillar.
As well as the placement, the two companies signed a memorandum of understanding to establish a strategic alliance board with representatives from both companies.
The two parties intend to develop a framework and consider how best to offer Fastbrick Robotics' technology to Caterpillar's global construction customers.
Today's gain means Fastbrick Robotics' shares have now more than doubled in value in just the last 30 days.
