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Something happened, now this stock is moving

Virtus Health Ltd (ASX:VRT) made an announcement and now the stock is trading 0.12%% higher at 11am Sydney time.

Fertility company Virtus Health released a third quarter trading update this morning including revenue down 1.6%, EBITDA down 29.6% and fresh cycle growth fell 3.9% over the ten months to April 2022. Virtus Health said the COVID-19 Omicron outbreak, flooding in Qld and NSW, and the delay of Virtus’s new Nepean clinic were all contributing factors to the declines across the Company’s key metrics.

Following today’s announcement, Virtus Health shares are up 20.74% year-to-date.

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