Stevia Corp (OTCMKTS:STEV) Stock Soars After Approval of OTCIQ Application

The farm management and healthcare firm Stevia Corp (OTCMKTS:STEV) was in focus among investors yesterday after it announced that the application that it had sent in for OTCIQ was approved by the OTC Market. It was a major development for the company and it was no surprise that investors piled on to the stock in a big way once the news emerged.

The Stevia stock ended the day with gains of as much as 41%. Considering the magnitude of the gains recorded by the stock it is likely that the Stevia stock is going to be in focus among investors this morning as well.

The approval is a significant development since it is now going to give Stevia the right to start submitting its disclosure documents as well as financial reports digitally to the OTC Markets. In order to accomplish this task, the company has hired the services of an accountant for preparing the accounting related work product.

On the other hand, it was also announced that the company was going to start working on the preparation of the disclosure of the disclosure documents from August 16 itself. It now remains to be seen if the stock can add to its gains today.

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