$ELMT.c is on a roll right now! It’s been a hot couple of weeks for Element Nutritional Sciences (CSE: ELMT).
On May 31, the nutritional supplement brand reported Q1 revenue of $2.3 million, up 559% from Q1 2021. Gross margin increased 40% for the same period, and operating income saw a 20% improvement as well.
On June 2, Element also announced the signing of Dr. James LaValle, a prominent certified clinical pharmacist, to represent the company’s patented Rejuvenate and Promino products. Dr. LaValle will appear in television and digital campaigns to highlight the company’s unique IP-driven products clinically proven to prevent muscle loss, improve tone and build muscle.
Really excited to see this company continue to grow throughout 2022 given this strong start to the year. $ELMT.c stock is trending bullishly, up almost 80% from mid-May levels, currently at $.29. A solid push past resistance at $.38 will show the stock is on a strong bullish breakaway. The company is presently valued at CAD $27.79 million.
https://ceo.ca/@businesswire/element-nutritional-sciences-reports-q1-2022-financial