Skip to content
Home / News |

Dev Clever Shares Surged 7.05% Today, Here’s Why

Dev Clever logo
Simon Mugo

Shares of Dev Clever Holdings PLC (LON: DEV) today surged 7.05% despite the lack of major updates from the company as investors bought its shares based on previous announcements.

The last update from the company which creates career guidance and development platforms was in early November when it announced that it had signed an agreement with Veative Labs (“Veative”) and the National Independent Schools Alliance (“NISA”), to replicate its B2C model in India.

Dev clever is considered a leader within the education technology (EdTech) sector, which saw it win a $1.2 million contract to conduct an impact assessment on careers in the United States and India.

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

The company also has a major contract with Lenovo Group Limited, which has attracted the attention of other potential clients, and recently confirmed that it expects its financial results for the period ended October 31st would be in-line with expectations.

Dev Clever’s agreement with Veative Labs Pte. Ltd and NISA gave the firm a huge presence in India since NISA represents over 70,000 budget private schools in India where the firm will also have access to over 230,000 budget private schools and over one million public schools.

The potential in India is huge, and Dev Clever is well-positioned to become a leader within the country’s educational sector as an EdTech provider.

Dev Clever share price

Tradingview chart of Dev Clever share price 01122020

Dev Clever shares surged 7.05% today to trade at 7.98p having rallied from Tuesday’s closing price of 7.46p.

People who read this also read:

Simon Mugo
Simon Mugo
Contributor

Simon ist Autor und Analyst für den Bereich Finanzwesen und blickt auf über sechs Jahre professionelle Erfahrung als Trader zurück. Er absolvierte einen Bachelor in Mathematik und Informatik und hat eine Leidenschaft für die Finanzmärkte. Simon handelt FX, Rohstoffe und Aktien. Er konzentriert sich auf Price Action Trading.