Canada based digital health solutions firm Carebook Technologies Inc (OTCMKTS:CRBKF) may have been trading in a range on Monday but it cannot be ignored that it made a major announcement yesterday. It may be a good idea for investors to consider taking a look into it.
Trading Data
On Monday, CRBKF stock ended flat at $0.3780 with more than 2.5K shares traded, compared to its average volume of 40 shares. The stock has moved within a range of $0.3780 – 0.3780 after opening trading at $0.3780.
Carebook and LifeLabs Working Together to Deliver Personalized, Digital Healthcare Insights
The company announced yesterday that it will go into a collaboration with the largest community medical lab network in Canada LifeLabs. As per the terms of the agreement between the two entities, Carebook Technologies is going to be involved in delivering important insights to the customers of MyCareCompass from LifeLabs.
The insights are going to be provided through the CoreHealth Assessment Tool integration, which is a product that has been created by Carebook. While the news did not lead to any major move in the Carebook stock, it should be noted that it was a major announcement from the company and one that could lead to the unlocking of considerable value in the near to long term.
Hence, it could now be the right time for investors to start adding the Carebook stock to their watch lists at this point in time and keep track of the stock.
Key Quote
“We are very pleased to form a relationship with LifeLabs, a critical pillar of Canada’s healthcare community,” stated Michael Peters, CEO of Carebook.
