Ethema Health Corporation (OTCMKTS:GRST) Reports Positive Revenue Growth: Stocks Fall

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Despite positive developments, Ethema Health Corporation (OTCMKTS:GRST) failed to impress investors and its stock ended up falling 13% amid a sell-off.

Commercial data

On Monday, GRST stock slid 12.50% to $0.0007 with 60.61 million shares, compared to its average volume of 22.22 million shares. The stock moved in a range from $0.0007 to $0.0009 after the trade opened at $0.0008.

Ethema deposits 10,000 and sees positive revenue growth

However, it may still be wise for investors to take a look at yesterday’s developments and then make up their minds. The company filed its 10K for year-end 2021 and, more importantly, managed to record positive revenue growth for the fourth fiscal quarter of 2021. On top of that, one should also keep in mind that the fourth quarter revenues of its subsidiary Les ARIA were 20% higher than the revenues generated in the third quarter.

The positive revenue growth allowed Ethema Health Corporation to offset the start-up losses it had incurred in the first quarter. Despite the rather positive situation, this did not lead to any rise in the share price and, in fact, the stock collapsed in the midst of a fairly strong sell-off.

At this point, it may be a good idea for investors to keep an eye on the stock price movement and keep abreast of the latest developments.

key quote

Mr. Shawn Leon, CEO of the company, said: “While there are many positive developments for the company to talk about, our revenue growth for ARIA is remarkable. Improved income is a direct result of building a reputation for quality care. We’ve significantly reduced marketing spend, which helps improve the bottom line. We are at the beginning of the second quarter, but we expect revenue growth to continue due to the expected increase in the number of available beds. »

technical data

GRST stock is below the 20-day and 50-day moving averages of $0.0008 and $0.0007 respectively. Additionally, the stock is trading below the 200-day moving average of $0.0015.



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