Why Advanced Health (AHI) Shares Are Rocketing Higher Wednesday

Advanced Health Intelligence Ltd. AHI shares are rocketing higher on Wednesday after the company signed a Letter of Intention with UAE-Based e-script medicine management company, Pharmak Pharmacy.

The Details:

Advanced Health said it signed a letter of intention (LOI) with Pharmak Pharmacy LLC, in which Pharmak will integrate Advanced Health's Biometric Health Assessment (BHA) to help deliver its e-script offering to all Pharmak partners. They expect to launch the integration in January 2024 and are expecting to achieve a minimum e-script order volume of 200,000 per month in 2024.

Advanced Health's shares have rocketed on Wednesday under heavy trading volume since the company's announcement this morning. Advanced Health's stock has been on traders' radars recently after shares experienced large price fluctuations and high volatility. AHI stock has been halted to the upside multiple times, according to Benzinga Pro.

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AHI Price Action: According to Benzinga Pro, Advanced Health stock is trading 165% higher at $1.96 at the time of publication.

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