Business
Why the Medical Developments International (ASX:MVP) share price jumped 5% higher
The Medical Developments International Ltd (ASX: MVP) share price was a strong performer on Thursday.
The healthcare company’s shares closed the day a sizeable 5% higher at $7.18.
This means the Medical Developments International share price is now up 35% since the start of November.
Why did the Medical Developments International share price storm higher?
As well as getting a boost from improving investor sentiment, the Medical Developments International share price was given a lift today from the release of an announcement relating to its capital raising.
In December, the company announced a $30 million capital raising. These funds were to be used to accelerate the commercialisation of its Penthrox “green whistle” product in…
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