Over the course of the past week, the Human Unitec International Inc (OTCMKTS:HMNU) stock emerged as one of the major gainer. The company which is involved in project finance, green energy and wellness among others saw its stock soar by 40% on Wednesday.
The rally in the stock yesterday took its gains for the past week to as much as 60%. There has been no news about the company in recent days that could have led to such considerable gains in the stock. However, it could be a good move for investors to remember that back on June 22 the company signed a strategic agreement TechV SA, a medical technology firm based out of the United States and Switzerland.
It is a significant agreement for Human Unitec International considering the fact that as per the provisions of the deal, the company is going to provide TechV SA with distribution services in Canada and the United States. Human Unitec International is going to take care of the distribution work through MSK Kinesis, which is one of its business divisions. The rally in the stock over the past week may have been triggered by this agreement and at this point investors could consider adding the Human Unitec International stock to their watch lists.
Market Reaction:
On Wednesday, HMNU stock gained 40% at $0.0175 with more than 50.69 million shares, compared to its average volume of 2.21 million shares. The stock had moved within a range of $0.0124 – 0.0217 after opening the trade at $0.0124. Over the past 52-week, the stock has been trading within a range of $0.0012 – 13.4000.
 stock Continues to Gain Momentum: What Next?){kind=link}