Infinite Group Inc. (OTCMKTS:IMCI) Stock Jumps 75% In Week: Here is Why

When a stock moves in a big way over the course of a whole week, then it is perhaps time for investors to sit up and take notice. At this point in time, the Infinite Group Inc. (OTCMKTS:IMCI) stock could be one to watch considering the fact that over the course of the past week it has managed to clock gains of a staggering 75%.

Market Action

On Wednesday, IMCI stock moved up $0.14 with 61k shares, compared to its average volume of 15K shares. The stock has moved within a range of $0.1129 – 0.1400 after opening trade at $0.1393.

IGI Cybersecurity Introduces New PenLogic(TM) Penetration Testing Service for Proactive, Ongoing Security

In this situation, it may be a good move for investors to consider taking a look at the development yesterday in relation to the IGI Cybersecurity Services Inc, which is one of the company’s business units.

It emerged that IGI Cybersecurity Services had been successful in adding PenLogic penetration testing service to the range of services that it offers as part of its portfolio. It is a significant development since PenLogic is well known for closing the gaps to the limits to which other services can provide shield from exposure.

The addition of the service could help IGI Cybersecurity Services in adding new clients. It now remains to be seen if the stock can manage to continue to move upward today in light of the latest development. It may be a good idea to add IGI to your watch lists.

Key Quote

“Our PenLogic and CISO TaaS offerings are a direct response to our clients’ changing needs in this unpredictable cybersecurity threat landscape,” said Chad Walter, VP of Sales and Marketing at IGI Cybersecurity. “Cybersecurity expertise is increasingly hard for our clients to find and manage internally, which means they need extra support from us. They are looking for services that are comprehensive, proactive, and logical-so we adjusted our services to match those needs.”

Traders Note

IMCI stock is trading above the 20-Day and 50-Day Moving averages of $0.1234 and $0.1153. Moreover, the stock is trading is the neutral zone with RSI stands at 66.

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