Business
Why the Medadvisor (ASX:MDR) share price is up 11% this week
Medadvisor Ltd (ASX: MDR) shares are performing strongly this week after the company released its quarterly report yesterday. The Medadvisor share price jumped 19.12% to 40.5 cents as the update for the quarter ending 31 December 2020 hit the ASX on Thursday.
However, the small-cap medical management platform’s share price has since pulled back to 40 cents at the time of writing.
What’s driving the Medadvisor share price?
The Medadvisor share price has been on the move after the company announced record operating revenue. Full year revenue for the company was $56.1 million, up 24% on the prior corresponding period. However, stealing the headlines was the company’s half year revenue of $34.3 million. This equates to a rise of…
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