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CML stock dips on cash concern

CML HealthCare Inc stock declined more than 15 per cent in heavy trading after its third-quarter earnings showed a big drop in its cash balance, even as net profit improved. Shares of the diagnostic health services provider closed down 15.

CML HealthCare Inc stock declined more than 15 per cent in heavy trading after its third-quarter earnings showed a big drop in its cash balance, even as net profit improved. Shares of the diagnostic health services provider closed down 15.67 per cent, or $1.22, to $7.16 on the Toronto Stock Exchange. Volume was more than 3.7 million shares, six times the daily average.