This morning most investors are going to be looking into those stocks which had managed to make a big move on Tuesday and one of the stocks which is expected to be in focus is Impact Fusion International Inc (OTCMKTS:IFUS).
Trading Data
On Tuesday, IFUS stock soared 30% to $0.0184 with 3.14 million shares, compared to its average volume of 402K shares. The stock moved within a range of $0.0131 – 0.0192 after opening trade at $0.0151.
Impact Fusion International Inc. Announced Today that the Company has been Authorized and Invited by the U.S.D.A to Submit a Formal Grant Application for its Supreme Gold Plus(TM) Brands Technology
Following a key announcement on Tuesday, the company came into considerable focus and ended the day with gains of as much as 30% amidst significant interest. The company announced yesterday that it had got the green light to apply for a grant under the provisions of the U.S.D.A. National Institute of Food and Agriculture Small Business Innovation Research and Technology Transfer Programs. The company is going to apply for the grant under the ‘Animal Production and Protection- Topic Area 8.3’.
The news came as a source of considerable optimism for investors and as they piled on to the stock in a big way, it rallied strongly. It is going to be interesting to see if the Impact Fusion stock can manage to hold on to its momentum and manage to add to its gains in the coming days. If Impact Fusion is actually awarded the grant, the company is going to concentrate on beef cattle.
Key Quote
Marc Walther, CEO, stated: “the in-depth conversation with U.S.D.A senior government official working with the National Institute of Food and Agriculture has further solidified the role that Supreme Gold Plus™ Brands can play in addressing the cattle feed shortages, worldwide. We look forward to working with the NIFA on this project.
Technical Data
IFUS stock is trading above the 20-Day and 50-Day Moving averages of $0.0149 and $0.0159 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0146.
