Zomedica Corp (ZOM) Stock May Gain Further Momentum In May

The Reddit community fuelled a rally in the GameStop stock earlier on this year ushered in a new era of penny stock gains. One of the penny stocks that investors could consider at this point is that of Zomedica Corp (NYSEAMERICAN:ZOM).

Zomedica Corp (ZOM) Stock May Gain Further Momentum In May

The company is best known for having developed the Truforma platform that is meant for providing diagnostic services for dogs and cats. Zomedica launched the platform earlier this year and that too two weeks ahead of schedule.

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It might be a speculative investment but investors who are willing to go for high risk but high reward stocks over the long term, then it might be a stock worth watching. Recently, the stock lost its momentum after the company announced on April 15 that it was going to discontinue its distribution-centric sales channels and instead move to a direct sales strategy. This announcement was not welcomed by investors and the stock suffered as a consequence.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.