Why Advanced Health Intelligence (AHI) Stock Is Trading Higher Today
Portfolio Pulse from Erica Kollmann
Advanced Health Intelligence Ltd. (NASDAQ:AHI) stock is trading higher after the company announced it was eligible for partial reimbursement by the Australian government for overseas research and development costs. The company's submission was found eligible for reimbursements of 43.5% on approved expenditures incurred abroad. The news has led to heavy trading volume, with over 33.16 million shares traded compared to the stock's 100-day average of 2.547 million shares.
August 17, 2023 | 3:14 pm
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Advanced Health Intelligence Ltd.'s stock is trading higher due to the company's eligibility for partial reimbursement by the Australian government for overseas R&D costs.
The news of the company's eligibility for partial reimbursement by the Australian government for overseas R&D costs has led to increased trading volume and a rise in the stock price. This is a positive development for the company and is likely to have a positive impact on the stock price in the short term.
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