ASX stock of the day: Why ResApp Heath (ASX:RAP) shares are soaring

The Resapp Health Ltd (ASX: RAP) share price is soaring today. ResApp shares are up 8.33% at the time of writing to 7.8 cents a share. The company closed at a price of 7.2 cents yesterday but opened at 7.3 cents this morning before rising as high as 8 cents.

Despite this healthy move today though, this is a company that has been on struggle street in recent months. ResApp is still down around 71% from its 52-week high of 23 cents, and down nearly 80% from where it was in mid-October last year. Saying that, the company is also up 58% from the 52-week low of 5.2 cents a share that we saw just a fortnight ago on 5 March (timing can be…