Global Care Capital Has Gained 500% Since April 1

Global Care Capital

Continuing his coverage of companies making big moves in addressing COVID-19, Rich is turning his attention today towards Global Care Capital Corp. (CSE:HLTH) (OTC:RSCZF). This stock has been on a major bull run lately, so let’s dive into its business strategy and its latest news.

Global Care Capital is an investment company that provides early-stage financing to private and public companies. It mainly focuses on investment opportunities in previously underdeveloped assets and obtaining positions that adequately reflect its risk profile.

“Remember, this is a stock that went from a penny to $1.17 in a very short while,” explains Rich. “So there’s obviously going to be some pullback. But I wouldn’t be surprised, after this consolidates, to see the stock go way higher.”

Enter Your E-mail Address To Subscribe

* indicates required
 

Emergency Use Authorization from the FDA

Last week, Global Care Capital acquired ViraxClear Rapid Test Corp, a company that markets and distributes products that address significant health needs. As its name implies, it primarily focuses on rapid testing, which is of great importance in the fight against COVID-19.

Earlier today, as Global Care closed the deal, it also announced that the FDA granted Emergency Use Authorization to ViraxClear’s potential COVID-19 test kits. These tests can now be used by clinical laboratories in the US and Europe.

In the announcement, President and CEO of Global Care, Alex Somjen, stated:

“We believe that serology tests are a potentially powerful tool for identifying anyone who has been infected, whether they have symptoms or not. Many experts agree that accessibility of widespread testing is an important element to ‘flattening the curve’. We look forward to ViraxClear pursuing their goal of increasing the availability of advanced and cost-effective COVID-19 testing solutions across the globe.”

Global Care Capital’s Performance

On March 12, Global Care stock hit an all-time low of $0.02. This was likely due, in part, to the broader collapse of the markets driven by COVID-19.

Since then, however, HLTH has done nothing but gain value. Moving steadily at first—rising to $0.19 by the start of April—the stock suddenly shot up the following week. It hit $0.68 by that Monday and continued rising to its current price of $1.17. This represents 515% gains from the start of the month.

As Rich stated, it’s reasonable to expect a pull back after seeing the share price reach such a height. But Global Care is readying itself for long-term value, as it leverages today’s good news into tomorrow’s earnings.

What do you think? Is HLTH another COVID-19 stock to keep track of? Let us know your plans!

Featured image: Photo by M. B. M. on Unsplash

Please See Disclaimer

If You Liked This Article Click To Share


Risks and Disclosure:

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained on this website is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions made or suggested and the actual results.

All statements and opinions expressed are the opinions of the author and not of Richtvlive.com or its officers. The author is wholly responsible for the validity of all statements. Richtvlive.com was not involved in any aspect of the article preparation. The author was not paid by Bitrex Inc for this article. The author did not pay Richtvlive.com to publish or syndicate this article.

This article does not constitute as investment advice. Each reader is encouraged to consult with his or her individual financial advisor; any and all actions taken by a reader as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Richtvlive.com's terms of use and full legal disclaimer. This article is in no way a solicitation for investment. Richtvlive.com does not render general or specific investment advice. Any information on Richtvlive.com should not be considered a recommendation to buy or sell any security. Richtvlive.com does not endorse or recommend the business, products, services or securities of any company mentioned on Richtvlive.com.

Futures, stocks and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, and options may fluctuate, and, as a result, clients may lose more than their original investment and possibly their entire investment. Any content on this website should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Please see our full disclaimer here for additional details before making any investment decisions.