This pink sheet stock may still be on shaky ground, but the recent upturn in the chart has us wondering about Healthnostics Inc. (HNSO) After reaching a low of $0.003 in February, we’re starting to see higher highs and higher lows. Moreover, the volume behind the gains is picking up…finally.

The recent willingness from the buyers may have something to do with a significant elimination of debt, the formation of an affiliate program (which can yield surprisingly strong results when done right), or most recently, a partial acquisition of diabetic equipment provider GMD Inc.

The company states they’re going to move from the pink sheets to the bulletin board later in the year. That’s a chicken we won’t count until it’s hatched, though based on what we see here it certainly seems plausible.

What do they do? Two things…manage medical Internet portals, and offer web-based hospital/patient monitoring systems. The market for what they do is there; what’s not clear yet is whether or not Healthnostics is set to be a contender in the arena. Lately, somebody seems to think they are…or at least will be.

If you have thoughts or more facts about Healthnostics, please chime in below.

Start receiving FREE e-research on select small and micro cap stocks. Get in-depth research reports, comprehensive coverage, exclusive market commentary and more, just by becoming a MCP subscriber today! Look for the submission form at the top of the right-hand column.