The Oneview Healthcare (ASX: ONE) share price is going gangbusters this year, up 650%. Let’s look at what the company announced recently.
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The Oneview Healthcare PLC (ASX: ONE) share price has rocketed this week in the wake of a publicity deal announced on 12 March. The healthcare technology company’s agreement with StocksDigital will see Oneview Healthcare news shared with StocksDigital’s audience.
The Oneview Healthcare share price is up a whopping 59% at 38 cents at today’s close of trading.
More about Oneview’s deal with StocksDigital
In its release to the ASX, Oneview advised it signed an investor awareness agreement with S3 Consortium, trading as StocksDigital, to share research, commentary and investment advice on Oneview.
StocksDigital is an investing and publication company aiming to build a high-performing ASX investment portfolio while sharing research with readers who invest alongside them.
Oneview stated in its release that it needed to take the initiative as there was no coverage of the company’s research. It also said it believed media coverage would strengthen its balance sheet.
Boosting the bottom line
Since Oneview’s agreement with StocksDigital began on 12 March, its share price has increased by 143.75%.
The agreement is for 18 months. Oneview has allotted StocksDigital 6,250,000 CHESS depositary interests over fully paid ordinary shares rather than pay a $375,000 fee for the company’s publicity services.
Additional to its end of the agreement, StocksDigital and other strategic investors in its network invested $1 million into Oneview. In return, 16.6 million CDIs were allotted from Oneview to the participating investors. The company set the offer price at 6 cents apiece – a discount of 18.9% on the volume-weighted average price of CDIs over the prior 5 trading days.
According to Oneview, this capital will be used in the sales and marketing of its new cloud platform.
Oneview Healthcare share price snapshot
The Oneview Healthcare share price reached an intraday high of 42.5 cents, up 80% from yesterday’s close.
Year to date, the company’s share price is up by a whopping 650%. It’s also up 1150% over the last 12 months.
Oneview Healthcare has a market capitalisation of around $93 million, with approximately 424 million shares outstanding.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.