After the company made a key announcement on Wednesday, the VirExit Technologies Inc (OTCMKTS:VXIT) stock broke out strongly yesterday. The stock attracted considerable interest from investors on Thursday and managed to record gains of as much as 11%.
The company announced on Wednesday that it decided to add Kaushik Srinivasan to the advisory board at VirExit Technologies. It is a major development for the company considering the fact that Srinivasan is a highly experienced professional and has worked in leadership positions in well known healthcare organizations. In addition to that, he also has considerable experience product evaluation and corporate business.
In its announcement on Wednesday, VirExit stated that the addition of Srinivasan is a ‘tremendous’ development for the company. In the press release in relation to the appointment, the company also revealed the specific roles that are going to be performed by Srinivasan in his position in the advisory board.
He is going to be involved in product reviews and content and in addition to that, he will also take a keen interest in the entire health care approach of the company. In light of the gains made by the stock, it is likely that VirExit is going to be on the radars of many investors today.
Market Reaction:
On Thursday, VXIT stock moved up 11.30% at $0.0128 with more than 16.18 million shares, compared to its average volume of 36.01 million shares. The stock had moved within a range of $0.0114 – 0.0130 after opening the trade at $0.0119. Over the past 52-week, the stock has been trading within a range of $0.0007 – 0.1200.
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