JHC) share price soars 23%

The Japara Healthcare Ltd (ASX: JHC) share price is rocketing today, up 23.39% to 76 cents a share at the time of writing. Japara shares closed at 62 cents yesterday, but opened at 71 cents a share this morning and have since risen to the current level, giving this company a market capitalisation of $199 million on current prices.

Today’s moves will no doubt offer some relief for Japara shareholders, who have had to watch the Japara share price relentlessly slide over the past 5 years. Back in late 2015, this company was commanding a share price of $3.40, but it has been very much downhill from there.

Japara shares are still down 25% year to date in 2020 on the current share price, and down more than 78% from the 2015 highs. Even…