Progressive Care (RXMD) Extends Rally As Penny Stock Excitement Continues

One of the stocks to have made considerable gains over a sustained period of time is that of Progressive Care Inc (OTC: RXMD). The company, which is involved in the healthcare services and customized technology space, has seen its stock soar by as much as 250% over the course of the past three weeks.

On Thursday, it rallied by another 23%. The latest rally in the stock is most probably related to an announcement from Progressive Care earlier this week. On February 16, the company announced that it inked a new partnership agreement with EagleForc Health LLC with regards to its proprietary healthcare platform named myVax. As per the provisions of the agreement, myVax is going to be integrated in order to build a new Digital Passport.

Related:  Why is Lexicon Pharmaceuticals (LXRX) Trading At Multi-Year High?

The Digital Passport is meant for coronavirus testing and for vaccination results. It is a significant development and one that could prove to be a long-term positive for Progressive Care.

Jack Dawkins

Finance and Tech Contributor