Hot Stock: Enviro-Hub gains 26.7% after associate gets nod to market medical-grade gloves in US

Jun. 08, 2021

As featured in Business Times.

SHARES of Enviro-Hub Holdings rose as much as 26.7 per cent on Tuesday morning, after the company announced that its associate company Pastel Gloves has received 510(k) regulatory clearance from the US Food and Drug Administration (FDA) to market its nitrile medical-grade examination gloves in the country.

The investment holding company’s shares jumped as much as 26.7 per cent or 2.3 Singapore cents to 10.9 cents, with about 32.6 million shares changing hands, as at 9.05am. No married deals took place in early trade, according to ShareInvestor data.

The counter later eased to trade at 9.5 cents at 10.02am, up 10.5 per cent or 0.9 cent, before increasing again. As at 1.57pm, shares of Enviro-Hub were the most actively traded by volume and the counter was trading at 10 cents, up 16.3 per cent or 1.4 cents.

Read more here.