Why Advanced Health Intelligence (AHI) Stock Is Trading Higher Today

Advanced Health Intelligence Ltd. AHI shares are trading higher Thursday after the company on Wednesday announced that it was deemed eligible for partial reimbursement by the Australian government for overseas research and development costs.

What To Know:

Advanced Health Intelligence announced that AHI’s submission to the Australian Government was found eligible for reimbursements of 43.5% on approved expenditures incurred abroad for overseas research and development (R&D) of intellectual property (IP) under the Australian Government Research and Development Tax Incentive Scheme.

Shares of AHI are moving higher on heavy trading volume. According to Benzinga Pro, more than 33.16 million shares have been traded in the session, compared to the stock's 100-day average of 2.547 million shares.

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AHI Price Action: According to Benzinga Pro, Advanced Heaalth Intelligence shares are trading 31% higher at $5.04 at the time of publication.

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