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…
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