The MA Financial Group Ltd (ASX: MAF) share price rose today after the company returned from a trading halt.

The shares finished the session at $8.84 on Thursday afternoon, up 4.62%.

Let’s look at what played into the MA Financial share price today.

What did MA Financial tell investors?

In its release today, MA Financial told ASX investors it had received strong support for its capital raise of $100 million towards the acquisition of BNK Banking Corp Ltd (ASX: BBC) subsidiary Finsure.

The takeover provides MA Financial lenders with access to a network of 2,000 mortgage brokers and 4,800 loan products.

The company will issue 12.9 million new shares as part of an institutional share placement at $7.75 per share. This provides MA Financial investors with an 8.3% discount on the last closing share price of $8.45 before the trading halt.

The company is also offering a share purchase plan for eligible retail shareholders to purchase up to $30,000 worth of shares.

Commenting on the announcement, joint CEOs Chris Wyke and Julian Biggins said:

We are extremely pleased with the level of interest shown in the Institutional Placement and we thank our existing shareholders for their continued support and we also welcome a number of new institutional investors.

What else did they announce?

MA Financial also had some other news today. The company has signed a contract to buy the Hotel Brunswick in Brunswick Heads, New South Wales for $68 million.

The property, located 25 minutes north of Byron Bay, will be acquired by an investment fund overseen by MA Hotel Management.

Settlement on the hotel is expected to take place in March 2022.

MA Financial share price snapshot

The MA Financial share price has surged nearly 78% in the past 12 months. The value of the company’s shares has dropped by 2% in the past month, but have recovered more than 7% in the past week.

The financial services giant has a market capitalisation of about $1.4 billion.

The post MA Financial (ASX:MAF) shares resume trading and leap higher. Here’s why appeared first on The Motley Fool Australia.

More reading

• Here’s why the BNK Banking (ASX:BBC) share price is surging 18% today
• MA Financial (ASX:MAF) share price remains frozen amid $145m acquisition
• MA Financial (ASX: MAF) share price halted amid ‘significant acquisition’

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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S&P/ASX 200 Index (ASX: XJO) gold miners have been struggling over the last month.

While the ASX 200 itself is down 1.8% since this time in November, the big gold miners have retraced far more.

The Newcrest Mining Ltd (ASX: NCM) share price, for example, is down 9.3% over the last month, currently trading at $22.84 per share.

The Evolution Mining Ltd (ASX: EVN) share price is $3.80 at time of writing, down 8.1% over the month.

And the Northern Star Resources Ltd (ASX: NST) share price has fallen 14.7% in that same time, currently trading for $8.94.

Combined, the 3 ASX 200 gold miners have lost 11.0% over the month.

So, what’s going on?

Gold prices are sliding

While there are many specifics impacting each individual ASX 200 gold miner’s share price, the falling gold price has certainly posed an unwelcome headwind for shareholders of all 3 big miners.

One month ago, gold was trading for US$1,863 (AU$2,586) per troy ounce. Today that same ounce is worth US$1,783, down 4.3%. The ASX 200 miners’ shares are all down significantly more than 4.3% as they’re leveraged to the price of gold.

Now you might think that gold, classically considered a haven asset, would be appreciating with renewed uncertainty surrounding the global pandemic. But that uncertainty is being outweighed by increasing confidence among investors that interest rates are going to rise sooner and faster than expected.

Yesterday (overnight Aussie time) in the United States, Federal Reserve chair Jerome Powell labelled inflation “one of the two big threats” to the US economy and jobs market. With that threat in mind, the Fed signalled its intention to raise the US benchmark interest rate 3 times in 2022.

Other central banks are forecast to follow suit.

The Reserve Bank of Australia (RBA) is widely expected to increase its benchmark rate at least twice next year as well.

Rising interest rates tend to drag down the price of precious metals like gold. Gold, after all, doesn’t pay any interest, and as rates rise, the relative cost of holding gold compared to interest-bearing assets also goes up.

It’s not all bad news for the ASX 200 gold miners

That’s the month gone by.

Looking ahead, the outlook for the ASX 200 gold miners could be improving, with many analysts predicting gold will hold up well over the coming months.

According to Bart Melek, global head of commodities strategy at TD Securities (quoted by Bloomberg):

The dots have moved and it seems the gold market believes that inflation will be elevated, but controlled, which should allow the US central bank to maintain accommodation.

Real rates will move higher, but still very negative along the short end of the curve. It’s still a decent environment for gold. Some traders may have been positioned for something more hawkish.

How have these ASX 200 gold shares performed longer-term?

Taking a longer-term view on our ASX 200 gold shares, the Northern Star share price is down around 26.7% over the past 12 months; Evolution shares have lost 22.6%; and shares in Newcrest Mining are down more than 15%.

By comparison, the ASX 200 has gained 9.1% since this time last year.

The post Why are the ASX 200 gold miners losing ground this past month appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• Why is Macquarie bullish on the Newcrest (ASX:NCM) share price?
• Evolution (ASX:EVN) share price falls despite completing Mt Carlton sale
• 5 things to watch on the ASX 200 on Wednesday
• Newcrest (ASX:NCM) share price slides despite US$37 million payday

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Fortunately for growth investors, there are plenty of shares on the Australian share market with strong long term growth potential.

Two such shares are named below. Here’s why analysts at Goldman Sachs think these ASX growth shares could be buys:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX growth share to look at is this leading pizza chain operator.

Thanks to the popularity of its offering and the expansion of its footprint both at home and overseas, Domino’s has been growing at a consistently solid rate for well over a decade.

The good news is that Goldman Sachs expects this positive form to continue long into the future. Especially given its aim of more than doubling its footprint to 6,650 stores in existing markets by 2033.

It commented: “Overall, we believe that the longer term growth outlook driven by strong store growth remains unchanged. We make no changes to our store forecasts, but backend weight the rollout in FY22 in line with guidance. Overall, our revised forecasts still imply a 3 year CAGR EBITDA outlook of +14.6% driven by overall strength in Europe (+19.7%) and Japan (+15.3%).”

Goldman currently has a buy rating and $147.00 price target on Domino’s shares.

Xero Limited (ASX: XRO)

Another ASX growth share to look at is Xero. It is a provider of a cloud-based business and accounting solution to small and medium sized businesses.

Xero has been growing strongly over the last few years and looks well-positioned to continue the trend in the years to come. This is thanks to its international expansion, acquisitions, the transition to the cloud, and its burgeoning app ecosystem. The latter has significant monetisation potential.

The broker recently commented: “We expect XRO revenue to double across FY21-24E, driven by: (1) ARPU growth from the recently announced price rises (benefiting FY22/23E) and the introduction of this app store fee (benefiting FY23/24E); (2) Subscriber growth, given accelerating subscriber growth across all geographies in 2H21, and strong recent traction from its Enterprise strategy; and (3) M&A.”

Goldman Sachs has a buy rating and $158.00 price target on its shares.

The post 2 fantastic ASX growth shares Goldman Sachs rates as buys appeared first on The Motley Fool Australia.

More reading

• Why did the Xero (ASX:XRO) share price have such a lousy month in November?
• Are these 2 ASX tech shares good buys in December?
• How to snare a multi-bagger ASX share: expert
• Domino’s (ASX:DMP) share price dips despite “important” milestone in Japan
• ASX 200 (ASX:XJO) midday update: Sydney Airport takeover update, Santos falls

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Leading fund manager Wilson Asset Management (WAM) has named two ASX shares in its portfolios that it thinks are buys.

Every month, WAM talks about some of the businesses that have performed well and outlines the bullish factors for thinking about the stocks.

Two of the featured ASX shares this month comes from WAM Research Limited (ASX: WAX) and WAM Active Limited (ASX: WAA), which targets opportunities from the smaller end of the ASX, like these two:

Vulcan Steel Ltd (ASX: VSL)

Vulcan Steel is the only pure, value-add steel distributor and processor in Australia and New Zealand, operating as a key link in the steel value chain between steel producers and end-users across a broad range of market segments.

WAM initially participated in the initial public offering (IPO) of the company in November 2021 at $7.10 per share.

The fund manager points out that the ASX share is a founder-led organisation, has long-standing leadership which, in WAM’s eyes, are highly capable with significant ‘skin’ in the game.

In December, WAM noted that Life360 provided a trading update, highlighting a stronger-than-anticipated performance across all business units. This resulted in a upgrade to its forecast net profit after tax (NPAT) at the time of the IPO of 26% to 35%.

The Wilson Asset Management investment team expects growth to be underpinned by cyclical tailwinds, expansion into new products and geographies and business improvement initiatives, while opportunistic mergers and acquisitions also provides a catalyst. Vulcan Steel is well positioned to continue to sector consolidation, according to WAM.

Life360 Inc (ASX: 360)

WAM describes Life360 as a family safety platform that allows parents to track the whereabouts of their children, with over 33 million users globally.

The initial catalyst identified for the investment in Life360 was the appointment of Randi Zuckerberg, sister of Meta (previously Facebook) founder, CEO and Chair Mark Zuckerberg and the belief that the company would upgrade revenue expectations.

The fund manager also noted that in November, the ASX share made its second hardware acquisition for the year, buying a Bluetooth tracking device company, called Tile, for US$205 million.

WAM said that the combination of Life360 and Tile creates an integrated market leader in location solutions, making Life360 the only vertically integrated, cross-platform solution of scale in the market and well-placed to take advantage of the growing location solutions market.

According to the fund manager, Life360 remains “catalyst rich”, including potential mergers and acquisitions and a dual listing in the US in the pipeline.

The post This top fund manager just called these leading ASX shares a buy appeared first on The Motley Fool Australia.

More reading

• Top broker names the best ASX tech shares to buy in 2022
• 3 excellent ASX growth shares to buy right now
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• Brokers name 3 ASX shares to buy today
• Here’s why the Life360 (ASX:360) share price is leaping 12% today

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woodside Petroleum Ltd (ASX: WPL) share price is failing to grab the market’s enthusiasm today after clearing a major regulatory hurdle.

This morning, the Australian Competition and Consumer Commission (ACCC) revealed its decision on Woodside’s proposed acquisition of BHP Group Ltd‘s (ASX: BHP) petroleum arm. The outcome was what Australia’s largest listed energy company had hoped for — a thumbs up.

At the time of writing, shares in the oil and gas giant are exchanging hands at $21.84, down 1%.

What does the ACCC’s decision mean for shareholders?

The ACCC’s announcement today marks an important milestone in Woodside’s efforts to acquire BHP’s petroleum business. Yet, the Woodside share price has failed to move meaningfully on the update.

After reviewing the proposal, the corporate watchdog has come to the conclusion that a merger of the two energy companies would not significantly lessen competition. This is despite Woodside and BHP Petroleum being two of the four largest domestic natural gas suppliers in Western Australia.

On this point, ACCC chair Rod Sims noted the merged entity would likely still face competition post-acquisition. The regulator highlighted that major gas producers such as Chevron and Santos Ltd (ASX: STO) should keep the oil and gas market competitive. Other existing oil and gas players that will be helping keep the market tight include Shell and ExxonMobil.

Furthermore, the corporate watchdog concluded that Woodside was unlikely to be incentivised to reduce the supply of natural gas from BHP’s domestic-only site at Macedon. This gas from this project can only be supplied to the WA domestic market.

Commenting on the regulation Woodside will remain held to, Sims said:

In Western Australia, gas exporters are required to reserve the equivalent of 15% of their export production for the domestic market, ensuring that domestic gas will continue to be available from Woodside and BHP Petroleum’s export assets, and from a range of other competitors.

Previously, Woodside has indicated the second quarter of the 2022 calendar year is its target for completing the merger.

What’s going on with the Woodside share price?

While the news would normally be considered a positive, the Woodside Petroleum share price is shedding some of its value today.

On such days as today, we might turn to the oil price as a potential anchor on the company’s share price. However, the energy-giving commodity rose in value last night, suggesting something else might be at play.

One contributing factor could be that Woodside has found itself in the headlines today for scrutiny over emissions. The prospect of the company’s Scarborough project adding an additional 2.5 million tonnes of carbon emissions a year from 2026 has found itself in The Sydney Morning Herald.

The Woodside Petroleum share price is down 5.5% since the beginning of the year. Based on the current share price, the company offers a dividend yield of 2.53%.

The post Woodside (ASX:WPL) share price dips amid corporate watchdog’s mega-merger verdict appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: CSL sinks, Qantas’ $1.1bn+ first half loss
• BHP (ASX:BHP) share price slips as ACCC gives all-clear for Woodside deal
• 5 things to watch on the ASX 200 on Thursday
• What’s impacting the Woodside (ASX:WPL) share price today?
• What will happen to BHP (ASX:BHP) shares after the dual listing is axed?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Magnis Energy Technologies Ltd (ASX: MNS) share price isn’t going anywhere on Thursday afternoon. This comes after the battery technology company requested a trading halt just after midday.

As such, the Magnis share price is frozen at 43.5 cents apiece, up 2.35% for the day. It’s worth noting that the company’s shares have lost more than 35% in value in the past month.

Why are Magnis shares in a trading halt?

Magnis requested the trading halt this afternoon pending the release of a binding off-take agreement.

While details remain sketchy, the announcement is in regards to the future sale of graphite from the Nachu project.

Tanzanian subsidiary, Uranex Tanzania, owns a 100% interest in the Nachu graphite project located near Ruangwa, Tanzania.

The project is approximately 220 kilometres away from the Tanzanian port of Mtwara. The project has significant potential due to its large size, an orebody with very low variation in lithology and mineralisation, and its low-cost operational model.

Magnis has a proprietary process to produce high-quality, high-purity graphite concentrate ore from the Nachu graphite feedstock.

The African graphite project is estimated to contain combined, measured, indicated, and inferred resources totalling 174Mt grading 5.4% graphitic carbon (Cg) at 3% Cg cut-off grade.

While the likely purchaser is unknown, investors will have to wait until possibly 20 December to find out. It is expected that once the announcement is provided to the ASX, the trading halt will be lifted then.

About the Magnis share price

Since this time last year, Magnis shares have risen sharply by more than 135%. In 2021 alone, the company’s share price is up almost 120%, reflecting positive investor sentiment.

Magnis presides a market capitalisation of roughly $425.67 million with approximately 978.56 million shares on its registry.

The post Why have Magnis (ASX:MNS) shares just entered a trading halt? appeared first on The Motley Fool Australia.

More reading

• Magnis (ASX:MNS) share price slips after retracting $10b ‘potential’ valuation
• Here’s why the Magnis (ASX:MNS) share price is rocketing 21% today
• Magnis (ASX:MNS) share price falls 40% this week amid ASIC and board woes

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Sigma Healthcare Ltd (ASX: SIG) share price has had a disappointing month, falling by more than 14% so far. This comes after the pharmacy chain operator and distributor provided investors with a trading update earlier in December.

At the time of writing, Sigma shares are going nowhere, trading flat at 43 cents a pop.

What’s driving Sigma shares lower?

Over the last few weeks, investors have sold off Sigma shares following the company’s admission of a difficult trading year.

On 6 December, Sigma released a trading update to the ASX advising a downgraded earnings guidance for FY22.

The company noted that earnings before interest, tax, depreciation and amortisation (EBITDA) will be 10% lower compared to FY21. In contrast, Sigma previously stated in September that EBIDTA is forecasted for a 5% growth.

The company acknowledged that it has been impacted by impacted by shorter-term operational issues as well as COVID-19. The former relates to the roll-out of its Enterprise Resource Planning (ERP), with Sigma switching to the live SAP environment.

The combination of these factors resulted in an unexpected increase in operating costs through the transition. One-off and non-operating costs are expected to come around at $25 million to $30 million.

Investor drew ire of the trading update, sending the Sigma share price 7.62% lower on the day. However, the selling didn’t stop there, with its shares continuing to slide another 10% over the next two days.

The Sigma share price has been yet to recover from the heavy selling, hitting a record-low of 42.5 cents yesterday.

While still months away, investors may want to pencil in the company’s FY22 results on 29 March 2022.

About the Sigma share price

Over the last 12 months, Sigma shares have traversed mostly sideways with a few hiccups along the way. Its shares are down 30% over the period, including year-to-date.

Based on today’s price, Sigma presides a market capitalisation of roughly $460.79 million, with over 1.06 billion shares outstanding.

The post Why has the Sigma (ASX:SIG) share price dived 14% so far in December? appeared first on The Motley Fool Australia.

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• Why Appen, Cooper Energy, PolyNovo, and Sigma shares are falling
• Why Carsales, Magellan, Nickel Mines, and Sigma shares are dropping
• Why Bapcor, Kogan, Sigma, and Zip shares are dropping today
• Sigma (ASX:SIG) share price slides 7% to yearly low on guidance update

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The S&P/ASX 200 Index (ASX: XJO) is suffering through yet another day of pessimistic trading. At the time of writing, the ASX 200 is down 0.5% at 7,290 points after kangarooing downwards for most of the day.

But don’t let that get you down. Let’s take a moment to check out the ASX 200 shares currently topping the ASX’s share volume tables, according to investing.com.

3 most active ASX 200 shares by volume this Thursday

Sotuh32 Ltd (ASX: S32)

Diversified ASX 200 mining company South32 is the first share worth taking a look at today. This Thursday has seen a hefty 14.98 million South32 shares trade hands thus far. With no major announcements or news out of the company today, we can probably put this high volume down to the movements of the South32 share price itself.

This resources giant has seen its shares defy the broader market today, and put on an additional 0.8% at $3.84 at the time of writing. This move, together with South32’s ongoing share buyback program, is the likely cause behind this elevated trading volume that we are seeing.

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is next up today. This ASX 200 lithium company has had a notable 15.34 million of its shares trade on the share market today. Again, there’s nothing newsworthy out today regarding Pilbara, so this is also likely to be related to this company’s share price moves.

Pilbara shares are also in the green today, presently up a robust 1.85% at $2.75. That’s just a touch off of Pilbara’s new all-time high of $2.80 that we saw it hit earlier this week.

Telstra Corporation Ltd (ASX: TLS)

Telstra rounds out our most traded ASX 200 shares today, with a whopping 18.13 million shares bought and sold thus far this Thursday. We do have a possible smoking gun for the elevated volume with this company though.

As my Fool colleague Tony outlined this morning, the ASX 200 telco has copped a $2.53 million fine after the media watchdog found that Telstra had inadvertently exposed some customers’ private phone numbers. The Telstra share price is down today, having lost around 0.12%. It’s currently asking $4.10 each. It’s this combination that has probably put Telstra at the top of today’s volume tables.

The post These 3 ASX 200 shares are topping the volume charts on Thursday appeared first on The Motley Fool Australia.

More reading

• CBA (ASX:CBA) share price up amid another loan rate hike
• ASX 200 (ASX:XJO) midday update: CSL sinks, Qantas’ $1.1bn+ first half loss
• Telstra (ASX:TLS) pays huge fine for putting Australians in danger
• Qualitas (ASX:QAL) shares are hitting the ASX boards today following its IPO
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor Sebastian Bowen owns Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The HUB24 Ltd (ASX: HUB) share price is in the green on Thursday after the company released its Scheme Booklet detailing its planned takeover of Class Ltd (ASX: CL1).

The scheme has also been lodged with the Australian Securities and Investments Commission (ASIC) as of today.

Class Ltd develops and delivers cloud-based software solutions for the wealth accounting market in Australia. HUB24 is a wealth management solutions fintech. 

At the time of writing, the HUB24 share price is $28.09, which is 3.58% higher than its previous close.

Let’s take a closer look at this latest news on the acquisition.

HUB24 share price lifts on scheme booklet release

After the market closed yesterday, Class announced that the Supreme Court of New South Wales approved the scheme meeting that will see shareholders voting on its takeover by HUB24.

Today, the acquisition plan has passed another hurdle with the release of the scheme booklet, which also houses the thumbs up of an independent expert.

The expert found HUB24’s part-cash, part-scrip offer values Class shares at between $2.85 and $3.03 – up to 34% higher than its true underlying value of $2.25 to $2.57.

They recommended all shareholders vote in favour of the takeover in the absence of a superior proposal.

Interestingly, the Class share price isn’t sharing in HUB24’s solid gains today. It is currently 0.77% higher than it was at yesterday’s close, trading for $2.63.

HUB24 is offering 1 HUB24 share for every 11 Class shares held by investors. It will also be providing Class shareholders with 12.5 cents for each security they own.

At the time of the initial offer, the deal represented a 73% premium on the Class share price.

Class shareholders will have their say on the takeover on 31 January. At least 75% need to be in favour of the acquisition.

Major Class shareholder, Spheria Asset Management, owns approximately 19.99% of the company’s stock and plans to vote ‘yes’.

As long as all conditions are met, the companies expect the acquisition to go ahead in February.

The post Here’s why the HUB24 (ASX:HUB) share price is climbing today appeared first on The Motley Fool Australia.

More reading

• Here’s why the HUB24 (ASX:HUB) share price slid 7% today
• HUB24 (ASX:HUB) share price slumps on upped takeover terms
• 3 bargain ASX tech shares to buy right now: expert

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Hub24 Ltd. The Motley Fool Australia owns and has recommended Class Limited. The Motley Fool Australia has recommended Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Doctor Care Anywhere Group PLC (ASX: DOC) share price has leapt today after the company announced a new offering to patients.

The telehealth company has introduced a new operating model, moving from the single option of a 20-minute virtual consultation with a doctor to multiple options for treatment advice. 

At time of writing, the Doctor Care Anywhere share price is up 12%, trading at 46.5 cents apiece. 

New Telehealth options in place for patients

With COVID-19 spearheading the uptake of remote appointments, the Federal Health Department this week announced a $308.6 million injection into the primary care health system. This includes a $106 million portion for permanent Telehealth for Australians.

The announcement times well for Doctor Care Anywhere, with its new model including options such as shorter appointments, meeting with a nurse, or completing a QuickConsult survey to be reviewed and returned with written advice or a prescription. 

The company said this model would assist in “the challenge of clinical workforce shortages and ever-increasing healthcare demand”. 

In addition, the telehealth company announced that its current agreement held with AXA Health would now vary to allow nurses to “make decisions in the assessment, diagnosis, and treatment of patients and to prescribe medication”.

Doctor Care Anywhere share price snapshot

The Doctor Care Anywhere share price has fallen 61.67% since the company listed on the ASX in December last year. The company saw a high volume of trading on Monday following the government’s healthcare investment.

Based on the current share price, the telehealth company has a market capitalisation of around $89 million.

The post Why Doctor Care Anywhere (ASX:DOC) is soaring 12% today appeared first on The Motley Fool Australia.

More reading

• Why is the Doctor Care Anywhere (ASX:DOC) share price getting attention today?
• 2 fast growth ASX shares that could be buys in December 2021

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Doctor Care Anywhere Group PLC. The Motley Fool Australia has recommended Doctor Care Anywhere Group PLC. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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