Stock updates: AZV, NTC, RIC and GLH

We update our recommendations on these four small caps following their recent share price swings.

In our published article on November 10 we discussed why we thought the market had badly overreacted to the first-half guidance of Azure Healthcare. We rated the stock a strong “buy” at 24 cents with expectations that the uncertainty would be cleared up at the AGM.

Since this time the stock has bounced around 50% to 35 cents, with management providing a very clear and thorough presentation of the company’s growth opportunity.

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