Business
The Medical Developments International (ASX:MVP) share price is jumping 7% today
The Medical Developments International Ltd (ASX: MVP) share price has been a strong performer on Monday.
In afternoon trade, the medical device company’s shares are up 7% to $5.37.
Why is the Medical Developments International share price charging higher?
Investors have been buying Medical Developments International shares on Monday following the release of a roadshow presentation.
Within the presentation, the company acknowledged that current results are challenging because of COVID-19 but notes that it is investing for the future.
In respect to its results, Medical Developments International recently posted a sharp reduction in profit during the first half of FY 2021.
This was driven partly by lower sales of Penthrox, also…
-
Noosa News18 hours agoMitch Power Quick Shear event gets men talking about mental health
-
General18 hours agoAccused of Antisemitism: Herald Sun, Israel lobby v Dandenong Clr Rhonda Garad
-
General11 hours agoAlgal bloom fears grow as video shows dead fish in ‘neon green’ waters near Ardrossan
-
Business17 hours agoAdd these 2 satellite ETFs to your core ASX stock portfolio