Business
Why the Medical Developments International (ASX:MVP) share price jumped 5% higher
The Medical Developments International Ltd (ASX: MVP) share price was a strong performer on Thursday.
The healthcare company’s shares closed the day a sizeable 5% higher at $7.18.
This means the Medical Developments International share price is now up 35% since the start of November.
Why did the Medical Developments International share price storm higher?
As well as getting a boost from improving investor sentiment, the Medical Developments International share price was given a lift today from the release of an announcement relating to its capital raising.
In December, the company announced a $30 million capital raising. These funds were to be used to accelerate the commercialisation of its Penthrox “green whistle” product in…
-
Noosa News23 hours agoBrisbane flights cancelled as severe weather set to lash coast
-
Noosa News21 hours agoIf You’ve Always Wanted to See Ryan Gosling in a ‘Sunshine’-Meets-‘The Martian’ Sci-Fi Flick, the Trailer for ‘Project Hail Mary’ Is Here
-
Noosa News20 hours agoFormer Brisbane Lions sponsor goes bust, leaving 200 workers in limbo
-
Noosa News19 hours agoHero rescuer reveals terrifying details of horror shark attack at Cabarita Beach in NSW