ILUS International Inc (ILUS) Stock Continues to Move Higher: Jumps 88% in a Week

The merger and acquisitions company ILUS International Inc (OTCMKTS:ILUS) has attracted the attention of investors in a big way in recent days and the situation was the same on Tuesday. Yesterday, the stock jumped by 9% as investors continued to flock to the stock and that took its gains for the past week to as much as 88%.

There was no news about the company yesterday but it might be a good idea to take a look at some of the recent activities of the company. ILUS has been quite active this year and has already concluded a total of three acquisitions in 2021 so far.

However, that is not all. The company has also signed letter of intent for the acquisition of two other United States based companies. One of the more important acquisitions made by the company is that of the Dubai based BCD Fire. The company is involved in the installation, supply and also the maintenance of fixed fire systems in the Middle Eastern region.

In addition to that, the company also supply life safety equipment. In the third quarter of the year, BCD Fire managed to secure as many as three new contracts, which were cumulatively valued at $1.5 million.