Shares of CRH Medical Corp (TSX: CRH), engaged in the business of distributing innovative medical products directly to physicians, recorded over 12.0% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. CRH was the top performer in the Canadian healthcare sector after gaining 12.6% and closed at C$1.69 Wednesday, while recording significant trading volumes of 946,816 shares. Recently, CRH announced the acquisition Gastroenterology Anesthesia Associates LLC, where CRH will pay $58.6 million at closing with up to an additional US$14.6 million payable within 4.5 years based on agreed financial performance requirements of the acquired business. During the past 5-trading sessions, CRH gained 77.9% with daily average trading volumes of 408,926 shares, while the stock accumulated 98.8% gain during the past one month with daily average trading volumes of 129,444 shares. The stock is up 125.3% year-to-date.
Company Description:
CRH Medical Corporation (TSX: CRH) specializes in the distribution of innovative medical products directly to physicians. CRH Medical delivers clinical, marketing and operational support directly to its partner physicians.
1-Year Stock Chart:
Source: Bloomberg
