Apollo Healthcare Corp (OTCMKTS:AHCCF) Stock Continues to Trade in a Narrow Range

On Tuesday, the Apollo Healthcare Corp (OTCMKTS:AHCCF) stock was trading within a range. However, despite that it should be noted that the company was actually in the news and investors could do well to take a look at the announcement. After all, stocks which trade within a range can also breakout eventually.

Market Stats

On Tuesday, AHCCF stock ended higher by 0.86% to $3.53 with more than 34k shares, compared to its average volume of 4k shares. The stock has moved within a range of $3.5300 – 3.5300 after opening trading at $3.53.

Apollo Obtains Final Order for Plan of Arrangement

Yesterday, Apollo Healthcare announced that it had been granted the final order from the Ontario Superior Court of Justics with regards to the statutory plant of arrangement by way of which Class B shares in the company are going to be sold.

As per the arrangement, all Class B shares in Apollo Healthcare except for the ones owned by Richard Wachsberg  and Charles Wachsberg are going to be sold to Anjac SAS in an all cash deal worth as much as $229,000. It should be noted that Anjac is going to complete the deal through its fully owned subsidiary company 1,000,009,701 Ontario Inc.

It was a significant announcement from the company and one that could lead to it getting considerable attention from investors in the coming days. At this point in time, it could be a good idea to add the Apollo Healthcare stock to your watch lists.