It is likely that the Forza Innovations Inc (OTCMKTS:FORZ) stock is going to come into focus among investors this morning considering the fact that there was heavy action in the stock on Friday. The stock rallied strongly on Friday and went up by 8% amidst the action. That being said, it is also necessary for investors to keep in mind that over the course of the past week, the stock has declined by as much as 17%.
Trading Data
On Friday, FORZ stock moved up 8.16% at $0.1525 with more than 110k shares, compared to its average volume of 81K shares. The stock has moved within a range of $0.1370 – 0.2200 after opening trade at $0.20.
Signs Letter of Intent to Acquire Sustainable Origins
Back on December 10, 2021 the company had announced that it inked a letter of intent in relation to the potential acquisition of the company Sustainable Origins. The actual signing of the letter of intent had taken place on December 8, 2021 as per the announcement from Forza Innovations.
In this context, it might be a good move to take a closer look at Sustainable Origins as a company. The company, which is based out of Charlotte in North Carolina, is committed to a sustainable, clean and eco-friendly future. The company seeks to achieve this through its work related to the recycling of cooking oil. It will be interesting to see if the stock can extend its gains this week.
Key Quote
“The goal at the end of the day is to generate a profit and position the company to be self-sufficient with steady revenues. Calculated acquisitions are one of the pathways public companies are able to engender diversified sales channels. Part of the innovation process is understanding what we need to reach company goals, and finding talent that fits with our vision is key to Forza’s overall operations and future success,” stated Johnny Forzani, President and CEO of Forza Innovations Inc.
