Another Day, Another Healthcare Stock Finding Success

It seems like all we’ve been seeing recently is the complete domination of healthcare stocks in the small and micro cap space. Today has been no exception, especially when I comes a specific Ontario-based small cap that announced hat it has signed new contracts with ten physician practices in Florida, Nevada and Texas. According to the release, these practices are expected to add over 10,000 patients to the company’s iUGO Care platform by mid-2024. Onboarding has already begun.

Traders couldn’t get enough of the news as they snatched shares of Reliq Health Technologies Inc. (TSXV:RHT) (OTCPK:RQHTF) following the announcement. Shares on the Canadian side jumped up to as high as $0.325/share  (+25.00%) so far this session.

Reliq Health Technologies Inc specializes in developing Software-as-a-Service (SaaS) solutions for remote patient monitoring, telemedicine, and care collaboration. Reliq’s IUGO health technology platform is a hardware and software solution that allows complex patients to receive high-quality care in the home, improving health outcomes, enhancing the quality of life for patients and families and reducing the cost of care delivery. The firm earns through the supply of mobile device management (MDM) solutions for mobile devices and subscriptions of the iUGO CARE platform to healthcare client. The firm is based in Canada.

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