While it is true that there has been no news about Evio Inc (OTCMKTS:EVIO) for some time, the company’s stock did come into focus among investors on Friday and ended the day with gains of as much as 33%. In light of such gains, it may be a good idea for investors to consider taking a closer look at Evio.
Trading Data
On Monday, EVIO stock ended flat at $0.0002 with more than 630.33 million shares, compared to its average volume of 108.79 million shares. The stock moved within a range of $0.0000 – 0.0003 after opening trading at $0.0001.
EVIO, Inc. Announces Partnership with Rare Earth Genomics Texas, LLC
The last time any news emerged about the company was back on January 4 this year when Evio announced that it had decided to go for a strategic partnership with the company Rare Earth Genomics Texas LLC.
However, it is also necessary to point out that the two companies have had a business relation since as far back as 2020. Rare Earth Genomics has been testing its hemp products since it first went into the hemp space in 2020. The companies are going to be involved in further strengthening their relationship by way of this partnership and are going to be working on a number of research and development projects.
The projects are going to be focussed on the optimisation of different hemp strains. At this point in time, it may be a good move from investors to consider keeping track of the stock.
Technical Data
EVIO stock is trading above the 20-Day and 50-Day Moving averages of $0.0002 and $0.0003 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0008.
