Regional Health Properties (RHE) Stock Extends Rally: Now What?

Before trading begins today, it might be a good move for investors to perhaps consider having a look at the Regional Health Properties Inc (NYSEAMERICAN:RHE) stock. This past Friday, the stock performed impressively and managed to clock gains of as much as 38%.

This morning it has started in the same vein and has already soared by as much as 22% in the pre-market session. There has been no news in recent days that might have resulted in such a rally.

Related:  Why Could Virgin Galactic (SPCE) Stock Be Ready For a Dead Cat Bounce Now?

However, investors might take a look at the financial results for the fourth quarter of 2020 and for the full year that had been published on April 1.

Regional Health manage to bring in rental revenues of $3.4 million for the fourth quarter, which is a significant drop from the $4.3 million it generated in the year-ago period. On the other hand, general and administrative expenses hit $1 million for the quarter. In the prior-year period, it stood at $641000.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.