ILUS International (ILUS) Stock Jumps 10% in a Week: How Far can it Go?

There are currently plenty of options for investors who are looking for stocks which might have recorded considerable gains over the past week. One such stock is that of the technology based mergers and acquisitions company ILUS International Inc (OTCMKTS:ILUS).

Over the course of the past week, the stock has managed to make steady gains and has actually gone up by as much as 10%. In 2021 so far, ILUS has managed to close as many as 3 acquisitions. However, more importantly, the company recently provided an update with regards to its growth and acquisition strategy in the United States.

The company revealed that as part of the acquisition strategy it is going to look into taking over those companies in the United States which are aligned with its strategic interests. In addition to that, ILUS will also be looking into adding manufacturing and distribution capabilities in the United States.

Last but not least; the company is also focussed on hiring employees in the United States for manufacturing, marketing and sales. The announcement of its acquisition and growth strategy seems to have come as a boost for the ILUS stock as well. It now remains to be seen if the stock can continue to add its gains in the coming days.

Market Reaction:

On Wednesday, ILUS stock moved up marginally at $0.0600 with more than 20.70 million shares, compared to its average volume of 14.67 million shares. The stock had moved within a range of $0.0560 – 0.0680 after opening the trade at $0.0610. Over the past 52-week, the stock has been trading within a range of $0.0010 – 0.1900.

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