The G Medical Innovations Holdings Ltd (NASDAQ: GMVD) stock price rallied 56.8% as of 6:30 EST despite the lack of news releases today. The GMVD stock rally was driven by upbeat investor sentiment towards the medical company, as evidenced by the over 9.17 million shares that had changed hands at writing.
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.
Looking at the company’s past releases, we can see that its latest release was about an agreement with Resilient Support Services Inc. (RSS) to expand the health care and remote patient monitoring capabilities to U.S. veterans and military personnel. The agreement was announced on August 17, 2023.
Top Broker Recommendation
- eToro Top stock trading platform with 0% commission – Read our Review
- Tickmill Regulated by the FCA – Read our Review
- Admirals (Admiral Markets) More than 4500 stocks & ETFs available – Read our Review
- Spreadex Spreadex has been around for a long time – Read our Review
- IG Top-tier regulation – Read our Review
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY
RSS is a Service-Disabled Veteran-Owned Business that partners with U.S. federal agencies and private sector businesses that are involved in improving the medical care of veterans and the military community.
G Medical Innovations’ technology will help federal agencies and military personnel to closely monitor and diagnose new onset cardiovascular symptoms to address the growing need for virtual care.
The innovative technology will allow full access to almost real-time patient information, which will also be analysed by certified cardiac monitoring technicians operating out of G Medical’s independent diagnostic testing facility.
The system will be available for adult and pediatric patients via a cloud-based monitoring system, which includes a small, water-resistant monitor mailed to patients or delivered in person.
The two companies can then monitor patients’ symptoms in almost real-time from the comfort of their homes.
Robert Domenici, Lieutenant Colonel (USA Ret.), President and CEO of RSS Inc., explained: “We are excited to have G Medical Innovations provide their powerful technology and 31 test kits to those serving our country in veteran affairs and all military branches here and abroad. Innovations like this will help protect and improve the care of our veterans and military serving soldiers, now and into the future.”
Dr Yacov Geva, the CEO and Founder of G Medical Innovations said: “We are delighted to say that we could not find a better partner to serve veterans affairs and all military branches than RSS Inc. G Medical is committed to providing the highest level of care and service to our veterans and military personnel,”
G Medical Innovations (GMVD) stock price.
The G Medical Innovations (GMVD) stock price surged 56.84% to trade a $0.2475, from Monday’s closing price f $0.1578.
YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.