In recent weeks, Fuse Sciences Inc (OTCMKTS:DROP) has attracted considerable attention from investors and the trend continued on Wednesday as investors piled on to the company’s stock yet again.
Yesterday, there was no fresh news about Fuse Sciences but the stock ended up clocking gains of as much as 18%. It should be noted that over the course of the past month the Fuse Sciences stock is up by 45%. The rally over the past month may be related to a shareholder update provided by the company back on July 2.
At the time, the company announced that the company Kustomeroo was going to become a part of Fuse Sciences. It was a significant development for the company and may have led to the strong rally in the stock over the course of the past month or so. In addition to that, Fuse Sciences also noted that the found of Kustomeroo, David Delke, was going to be involved in providing updates through a range of formal channels.
The channels in question are Delke’s own Twitter account, the Kustomeroo Twitter account and of course the Kustomeroo website. Considering the gains made by Fuse Sciences in recent times, investors could consider keeping the stock in their watch lists.
Market Reaction:
On Wednesday, DROP stock jumped 18.28% at $0.0440 with more than 7.86 million shares, compared to its average volume of 826K shares. The stock has moved within a range of $0.0340 – 0.0595 after opening the trade at $0.0420. Over the past 52-week, the stock has been trading within a range of $0.0058 – 0.0858.
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