The CloudMD Software & Services Inc (OTCMKTS:DOCRF) stock was trading within a range on Tuesday. Although it is true that the CloudMD stock did not make an notable move yesterday, the company did make a key announcement and it might be important for investors to take a closer look at it.
Yesterday the company announced that it got into partnerships with as many as 19 post-secondary institutions operating in Canada by way of which CloudMD will provide the Aspiria Student Assistance Program. However, that is not all. In addition to that, the company will also providing a wide range of mental health resources and as many as 167000 additional students are going to be covered by it.
It goes without saying that the announcement from the company was a significant one and could eventually lead to even more business. Hence, it is going to be interesting to see if investors flock to the stock over the coming days or not. The coronavirus pandemic has given rise to a lot of concerns with regards to the mental health of students and CloudMD is getting involved in this space in a big way by providing its services. The company is working towards bring in universities and colleges of various sizes on to its network.