The functional foods market has grown at an impressive clip in recent times and more and more investors are looking for stocks in that sector that they can get into.
One of the stocks from that sector that investors could consider looking into at this point is that of GenTech Holdings Inc (OTCMKTS:GTEH). Yesterday, the stock was in considerable focus among investors and managed to clock gains of as much as 40%. However, at the same time, it is perhaps also necessary to point out that there was no news about the company yesterday that might have led to such handsome gains.
However, in this regard, it is necessary to note that last week GenTech had sent out a midyear update for 2021 to its shareholders as well as potential investors. The company revealed that in the first half of the year, it managed to complete as many as four value add acquisitions. GenTech added that it was working on a fifth acquisition of the same nature. The fifth acquisition is that of Nature Soothie and GenTech believes it will be able to complete the acquisition by the end of this month.
On Monday, GTEH stock surged 40% at $0.0007 with more than 937.75 million shares, compared to its average volume of 401.61 million shares. The stock had moved within a range of $0.0005 – 0.0008 after opening the trade at $0.0007. Over the past 52-week, the stock has been trading within a range of $0.0002 – 0.0189.