Labor Smart Inc. (NASDAQ:LTNC) Stock Jumps After The News: Still a Buy?

Labor Smart Inc.’s (NASDAQ:LTNC) jumped 22% after its subsidiary Takeover Industries announced its product availability at retail giant Hy-Vee stores in the Midwest. Takeover Industries provides NXT LVL hydrogen-infused spring water as well as a nootropic energy shot.

 The subsidiary will distribute the products to Hy-Vee’s 265 chain states and 175 convenient locations across Kansas, Illinois, Iowa, Minnesota, Nebraska, Wisconsin, Missouri, and Nebraska. The hydrogen-infused water has an endorsement from top athletes such as Manny Pacquiao. In addition, the water has been produced from natural ingredients, including antioxidant properties, to enhance wellness and health.

Previously the company launched brands including Arizona Iced Tea and Sobe. Takeover CEO Toby McBride stated that they are looking forward to supplying Hy-Vee stress and their customers with NTC LVL products such as hydrogen water. He added that Hy-Vee has a reputable le history of providing the needed products to consumers, and they are looking forward to NXT LVL’s addition. With the expansion in product availability, LTNC is worth watching.

Market Reaction:

On Tuesday, LTNC stock soared 21.57% at $0.0093 with more than 126.20 million shares, compared to its average volume of 100.92 million shares. The stock has moved within a range of $0.0082 – 0.0100 after opening the trade at $0.0085.