While it is true that the Renova Health Inc (OTCMKTS:RNVA) stock was trading within a range on Wednesday, the company was actually in the news and it could be a good idea to take a look into it.
Market Reaction
On Wednesday, RNVA stock ended flat at $0.0030 with more than 14.69 million shares, compared to its average volume of 1.99 million shares. The stock moved within a range of $0.0029 – 0.0040 after opening trade at $0.0032.
Key Details
The Chief Executive Officer of the company Seamus Lagan went to The Stock Day Podcast yesterday and had a chat with the host Everett Jolly with regards to the company’s financial results for the 2021 fiscal year. The interviewer kicked off the interview by talking about the latest financial results and the improvements that have been seen in many aspects of Renova Health’s business.
Lagan discussed the situation at length and pointed out that in the 2021 fiscal year, Renova Health managed to make an improvement in terms of stockholder deficit by as much as $21 million.
In addition to that, Lagan also noted that the company also managed to cut down on its losses considerably. In the 2021 fiscal year, the company suffered a loss of around $5 million and that was considerably lower than the losses of $17 million that it had suffered back in 2020. It was an interview that may have provided listeners with a deep perspective of Renova Health.
Traders Review
RNVA stock is trading below the 20-Day and 50-Day Moving averages of $0.0602 and $0.4174 respectively. Moreover, the stock is trading below the 200-Day moving average of $49.61.
