B2B (business to business) telehealth solutions firm, Leveljump Healthcare Corp (OTCMKTS:JMPHF), which is based out of Canada, saw its stock trading in a range yesterday despite having made a major announcement. In this situation, investors ought to take a closer look at the announcement and then figure out if the stock can actually break out in the coming days.
Market Action
On Tuesday, JMPHF stock ended flat at $0.0851 with 1K shares, compared to its average volume of 221 shares. The stock has moved within a range of $0.0851 – 0.0851 after opening trade at $0.0851.
Ministry of Health Grants Approvals for IHF Acquisitions by JUMP
The company was in the news yesterday after it announced that it had got the necessary approval from the Ontario Ministry of Health with regards to its acquisition of as many as three Independent Health Facilities. The possibility of the acquisition of these three facilities had actually been announced by the company back on September 28 last year.
Leveljump Healthcare Corp also announced that it was working closely with its team of lawyers, TD Canada Trust and the actual sellers in order to complete the acquisitions. The company noted that it wishes to close the transactions no later than January 31, 2022. Mitch Geisler, who is the Chief Executive Officer of the company, noted that everyone at the company was pleased at having got the approval and preparations were being made in order to close it.
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