Despite the current volatility in the market due to extraneous factors, there are some stocks which managed to deliver handsome gains nonetheless and one of those is the Ethema Health Corporation (OTCMKTS:GRST) stock.
Trading Data
On Thursday, GRST stock surged 12.50% to $0.0009 with more than 19 million shares, compared to its average volume of 25.56 million shares. The stock moved within a range of $0.0007 – 0.0009 after opening trade at $0.0008.
Ethema’s ARIA Treatment Center Adds More Beds
Yesterday, the Ethema Health stock was on the move once again and ended the day with gains of 12% amidst heavy interested following a key announcement. More importantly, yesterday’s rally took the gains made by the stock in the past week to as much as 50%. Yesterday, the company announced that it was working actively towards further boosting its bed count and it goes without saying that it was a significant announcement.
The ARIA treatment centre first floor is going to be completed imminently and hence, staff members have been moved for the time being in order to make space for additional beds. In the month of February, the company has been able to add a total of four more beds and added to the total of 42. It should be noted that the first floor is almost on the verge of completion and only the painting work is what is remaining. Investors could do well to track the stock at this point.
Key Quote
Mr. Shawn Leon, Company CEO, reported, “The possibility of getting to 68 beds so soon after opening is empowering. With all of the build out at the West Palm Beach location soon to be completed and behind us, we can turn our attention to the constant pursuit of increasing the quality of our service and achieving our ultimate goal of saving and improving more lives.”
Technical Data
GRST stock is trading above the 20-Day and 50-Day Moving averages of $0.0008 and $0.0008 respectively. However, the stock is trading below the 200-Day moving average of $0.0020.
