Why the Tali Digital (ASX: TD1) share price has rocketed 40% today

A closer look at what could be pushing the TALI Digital Ltd (ASX: TD1) share price up by a whopping 40% today.
The post Why the Tali Digital (ASX: TD1) share price has rocketed 40% today appeared first on Motley Fool Australia. –

rocketing asx share price represented by man riding golden dollar sign speeding through clouds

The Tali Digital Ltd (ASX: TD1) share price is up by 40% at the time of writing, despite no market sensitive announcements. The Tali share price has been trading sideways since April, but today represents the highest traded volumes since then.

The company was the subject of an ASX price query earlier today over its substantial share price gains and trade volumes, and confirmed it was not aware of any unreleased information that could be driving the movement. However, Tali pointed to its recent annual general meeting (AGM) held on Tuesday 24 November 2020 and the release of its AGM presentation as generating significant interest.

In October, the company also provided the market with an update about its roadmap to commercialisation and key target markets. 

About Tali Digital 

Tali is a tech company that focuses on the development of software solutions to address neurological conditions in early childhood through its TALi program. The TALi platform is a scientific and clinically validated program that addresses early childhood issue-inattention, a key feature in conditions including ADHD and ASD. 

TALi TRAIN is a ground-breaking game-based training program that has been proven, through scientifically validated clinical trials, to improve attention by strengthening underlying attentional processes. Critically, improvements were retained after treatment had stopped, suggesting that benefits are long term. 

The program incorporates four engaging and adaptive touchscreen exercises that train children’s core attentional skills: selective attention, sustained attention and attentional control. Using a special algorithm, each exercise adapts in difficulty in real time to the gameplay of the child. 

The product is the first of its kind to apply gaming technology to an intervention for young children with attention deficits. 

First quarter update 

The company’s most recent market sensitive announcement was its Q1 update on 29 October. Within the update, Tali Digital’s managing director Mr Glenn Smith said:

We have made significant progress during the quarter as we work towards commercialising our technology platform in local and international markets. However, the impact of COVID-19 on social interaction and the broader economic situation impacted the ability for the company to significantly roll out the TALi products during the quarter. To this end completing the Schools Early Release Programme was an important milestone, considering the circumstances, that provided critical insights into the use and benefits of our platform.

The company confirmed its products have been clinically validated and are regulatory cleared medical devices in the US and the European Union. Its partner and customer pipelines remain strong, and Tali anticipates the ability to drive commercialisation through the remainder of FY21. 

In July, the company announced the successful completion of its Schools Early Release Program in partnership with 30 schools located in Australia. The program was completed amidst COVID and demonstrates its ability to be deployed in any type of school and in remote learning conditions.  

The company is also eyeing the Indian market with the launch of its products in the iOS and Android apps at the end of the quarter. India has the second-largest mobile subscription base, with ~1.2 billion subscribers and second-largest internet subscription base with 560 million subscribers. 

At the time of writing, the Tali share price is up by 40% to 4.2 cents per share.

Our Black Friday Sale – Save 75% on Motley Fool Extreme Opportunities

These are high octane, high upside-potential stocks… Stocks that are growing like gangbusters, and have the potential to quickly turn modest initial investments into small fortunes.

Since inception, our Extreme Opportunities service has delivered some moonshot stock picks that have absolutely shattered the market, some have even trebled in value, completely dwarfing the market average.

And now is a perfect time to join in this Black Friday Sale. You can save a whopping 75% off a full 1-year membership.

Join Extreme Opportunities in our Black Friday Deal!

Returns as of 27th November

More reading

Motley Fool contributor Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The post Why the Tali Digital (ASX: TD1) share price has rocketed 40% today appeared first on Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!