If You Invested $10,000 in Zomedica a Year Ago, This Is How Much You Would Have Today
About a year ago, Zomedica's (NYSEMKT: ZOM) financial situation was a bit grim. The shares were trading at less than a $1 apiece -- and they faced a possible delisting from the NYSE. The veterinary diagnostics company had also posted years of deepening losses and declining cash levels.
But some investors hung on or bought shares. Why? Because Zomedica was arriving at a crucial moment. It had reached the final stages of development for its Truforma diagnostics platform. Now the company plans on launching the system in about a month. In that one-year period, Zomedica's stock has more than recovered, surging more than 1,800%. So, if you were an early believer, you've seen your investment soar. Let's do some math and find out exactly how much.
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Source Fool.com