Human Unitec International (HMNU) Stock Jumped 245% Last Week: Here is Why

This past week many investors seemed to have identified the Human Unitec International Inc (OTCMKTS:HMNU) stock as the one to back and that was reflected in the price action.

On Friday, the stock rallied by 60% and that took its gains for the past week to as much as 245%. The company is involved in a range of sector starting from project financing to green energy and medical to wellness among others. There was no news about the company last week but at the same time it might be a good idea for investors to take a look at a development from last month.

Back on June 15, the company announced that it completed the acquisition of a substantial number of shares in the company Venetian Cluster SRL. It should be noted that Venetian Cluster consists of the only productive cluster of cultural heritage and environmental projects in Italy. The company is involved in working on a variety of projects in Italy and abroad related to internationalisation, innovation and technology transfer among others. While it is true that the rally in the Unitec International stock may not have been related to this transaction, it is something investors might do well to keep in mind.

Market Reaction:

On Friday, HMNU stock went up 59% at $0.0380 with more than 61.29 million shares, compared to its average volume of 4.54 million shares. The stock had moved within a range of $0.0250 – 0.0440 after opening the trade at $0.0266. Over the past 52-week, the stock has been trading within a range of $0.0056 – 0.0449.

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