Infinite Group Inc. (OTCMKTS:IMCI) Stock Soars 23% in a Week: What’s The Buzz?

In the past week, the IGI a subsidiary of Infinite Group, Inc. (OTCMKTS:IMCI), stock has managed to emerge as one of the notable gainers and clocked gains of as much as 23% as investors piled on to the stock.

Market Action

On Tuesday, IMCI stock  ended flat at $0.17 with more than 58k shares, compared to its average volume of 17k shares. The stock has moved within a range of $0.1221 – 0.2000 after opening the trade at $0.1690.

Recent News

Yesterday the company was in the news once again after it subsidiary company IGI CyberLabs made an announcement. The announcement was with regards to the Linux version of Nodeware Agents. It was a significant announcement from the company and it now remains to be seen whether it has a significantly positive effect on the IGI stock in the coming days.

IGI CyberLabs further noted that the new agent is going to provide far more security to Linux powered systems which may be in action in remote settings. This particular function is very important considering the fact that it addresses one of the most important aspects of a cyber security issue.

Management of vulnerabilities is an important aspect of products like Nodeware Agents and the availability of the same for Linux may be a welcome development for many users. It should also be noted that Nodeware Agents can also be used in combination with Nodeware Sensors by way of which the quality of scans can be improved considerably.

Key Quote

“This latest enhancement makes Nodeware accessible to all Linux users and opens up a new market of web hosting providers and application developers,” said Stuart Cohen, President of IGI CyberLabs. “Now, more organizations can scan their networks during normal business hours and reduce their risk of ransomware and other cyber-attacks with Nodeware.”

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