As far as worldwide Covid 19 cases increase, healthcare stocks will always sit on top of everyone’s watchlist. Momentum in AllStar Health Brands shares began building several weeks ago after the COVID-19 test kit maker (ALST) and TPT Global Tech Inc. (TPTW) entered into Partnership for the Sales & Marketing of QuikLAB Rapid Covid-19 Testing Lab Modules.
AllStar Health owns The QuikLAB testing modules which offer a fast, complete testing option, at a rapid throughput, – up to 50 tests/hour, using either the PCR or antibody tests or both currently available on the market. The goal is to provide results within minutes to a few short hours, so appropriate treatment or isolation protocols can be recommended based on the results of the testing.
There were many updates from the company and the last Covid related press release was from last week. The company announced Delivery of Initial Order of Equipment and Test Kits to Apogee Pharmaceuticals.
More expansion both nationally and globally along with its very low float, shares of ALST could gain more momentum anytime.
Two months ago ALST stock jumped from $0.16 to highs of $0.80 in a single day. The lower the float, the higher the volatility is generally the situation with stocks trading under 1 dollar.
Another key update from the company could send ALST shares surging once again in the near future.