MedX Holdings Continues to Move Higher: Is it Sustainable?
There were plenty of stocks that managed to record gains this past Friday, and as a new week begins, it is important for investors to perhaps take a look at some of those stocks. One of the stocks that made a strong move on Friday was that of MedX Holdings Inc (OTCMKTS:MEDH), and it could be worthwhile for investors to look closely into the company.
The stock has had a remarkable rise in recent times, and on Friday, it rallied by as much as 76% to emerging as one of the major gainers from among small caps. The stock has enjoyed a significant rise in trading volumes as well, and that is another major reason for the rally.
The rally in the MedX stock is possibly due to the fact that Hans Enriquez is all set to take over as the Chief Executive Officer of the company. Enriquez is well known on the social media platform Twitter, where he is known simply as ‘HANS,’ and currently, he is the CEO of Dazed Inc, a managing partner over at Craft Harvest LLC and a director at Texas Green Rush. The company is one of the well-known players in the real estate construction industry and is involved in both residential as well as commercial properties.
At this point in time, MedX is focussed on its subsidiaries and is looking for steady growth. It has become involved in residential, commercial, development, and mini storage thus far. Back in 2019, MedX completed the acquisition of BioHydro LLC, which is going to be responsible for the construction of a processing unit located in Arizona. It is believed that BioHydro could actually prove to be an opportunity for significant growth in the years to come, and MedX has also started reevaluation its interests in the commercial and residential property space.
In recent times, MedX has been quite active on Twitter in recent times and has updated the latest events about the company for its followers. The current CEO of the company Mark Miller recently said that necessary measures are being taken to make the company successful and create more value for the shareholders.
While these are all important developments, it should be noted that the company is filed an 8-K Departure of Directors last week. That indicates that MedX is probably going to have a reorganization of its executive team, and the developments are expected to be watched closely. Considering the gains made by the MedX stock on Friday, it is going to be interesting to see if the stock can add to its gains this week. It is likely that the stock is going to be on the radars of many investors today.
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