Full service medical diagnostics and associated services firm Todos Medical Ltd (OTCMKTS:TOMDF) has seen its stock come into the middle of a heavy selloff in the past week. During that period, the stock has tanked by as much as 8% and at this point, it is perhaps important to figure out if the stock is going to make a recovery anytime soon or not.
Trading Data
On Tuesday, TOMDF stock slid 1.76% to $0.0251 with 10.94 million shares, compared to its average volume of 7.61 million shares. The stock moved within a range of $0.0230 – 0.0290 after opening trade at $0.0269.
Todos Medical Appoints Greg Meiselbach as Vice President of Government Affairs
On Monday, the company came into focus among investors in a big way after it announced that it appointed a new Vice President of Government Affairs in the form of Greg Meiselbach. It could be a major new appointment for the company since government affairs can be hugely significant for a company like Todos Medical.
In this context, it is perhaps also important for investors to take a look at the credentials of Meiselbach. He is a hugely experienced executive, whose experience in the business development and government affairs space spans more than a decade. In addition to that, most of his business development experience is also related to the biotechnology industry. Despite the fall in the stock price yesterday, it could be said that the latest appointment could prove to be a long term positive.
Key Quote
“We see significant potential to bring Tollovir to governments as a key solution for hospital overutilization which is currently the biggest risk to national healthcare systems,” said Greg Meiselbach, VP of Government Affairs at Todos.
Technical Data
TOMDF stock is trading below the 20-Day and 50-Day Moving averages of $0.0333 and $0.0448 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0410.
