On Wednesday, the ITOCO Inc (OTCMKTS:ITMC) stock was in considerable focus among investors after it released information with regards to the ability of Nopal Cactus to function as a main component of land reclamation.
Market Action:
On Wednesday, ITMC stock jumped 11.09% at $0.2444 with more than 462K shares, compared to its average volume of 140.31K shares. The stock has moved within a range of $0.2200 – 0.2480 after opening the trade at $0.2300.
Key Updates
The information seemed to have come as a source of optimism for investors and the ITOCO stock ended the day with gains of as much as 11% as a consequence. In this regard, it should also be noted that in addition to land reclamation, Nopal Cactus also offers the possibility of reducing carbon and that is something else that investors ought to keep in mind when considering the merits of it.
The implications of this announcement could be quite far reaching considering the fact that land degradation, often also referred to as desertification, is taking place all over the world.
This particular phenomenon not only affects a large number of people but has an especially negative impact on the poorer sections of the populace. At this point in time, Nopal Cactus is already a standalone crop that is being cultivated in many countries. ITOCO has launched a Nopal Cactus Carbon Credit program that is aimed at helping the land reclamation cause in a big way.
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