Zomedica Goes Parabolic: How to Trade Now?

Veterinary health company Zomedica Corp (NYSE: ZOM) has seen its stock make significant gains since November last year and this morning; there has been significant activity in the stock in premarket trade.

Zomedica Goes Parabolic: How to Trade Now?

The stock has surged by as much as 50% this morning and it follows from the 21% gain that the Zomedica stock had made this past Friday. In such a situation, it could be a good idea on the part of investors to perhaps take a closer look at the company.

One of the major reasons behind the rally is linked to an announcement made by the company back on November 13 last year. Zomedica announced that it aims to start selling its point of care platform Truforma from March 30. It is a significant development for the company and naturally, there was a lot of excitement among investors. Truforma is a diagnostic product for pets and it is a market that is expected to be worth as much as $2.4 billion in 2024.

Zomedica Goes Parabolic: How to Trade Now?

Richard McEntire

Finance and Entertainment ReporterRichard 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.