Vox markets7 Jul 2021 08:54
shares of Edtech specialist Dev Clever (DEV) bounced back 3.5p to 45p, in the wake of Monday’s Half-Year Report. The financial highlight here was that revenue rose 531% at £2.4m for the Period (H1 2020: £383k) and this was supported by significant contract wins in the Educate division. The company has also been supported by a recent research report from RBSA Advisors, the Indian EdTech market is poised to transform from a $700-800 million market to a $30 billion in size in the next 10 years. Traders also took advantage of a bear trap dip for Dev shares below 40p, as well as the expectation of further significant newsflow from the company which would be worth of a decent re-rate in the stock.
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