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Reliq Health Technologies Inc (OTCMKTS:RQHTF) Stock Suddenly Pops Up: But Why?

Pete Matthews , , , ,

The telemedicine sector has grown at a fairly impressive rate in recent times and one of the stocks from the sector that investors could look into today is that of Reliq Health Technologies Inc (OTCMKTS:RQHTF). The company is involved in the development of new age virtual health care products that are a constituent of a market worth billions of dollars.

Yesterday, the stock was on the move and went up by as much as 6% after Reliq announced the signing of multiple contracts for providing its iUGO Care platform. The company signed a total of six contracts with six different primary care practices in the United States.

The iUGO Care platform is meant for patients who might be suffering from chronic ailments. It goes without saying that the announcement from the company is a major one and the rally in the stock yesterday was hence understandable. The Chief Executive Officer of Reliq, Dr. Lisa Crossley spoke about the new development as well. She stated that after the signing of these contracts more than 4000 new patients are set to be brought into the company’s iUGO Care platform. It is now going to be interesting to see if the Reliq stock end the week on a strong note.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.