Impact Fusion International Inc. (OTC:IFUS) Stock Rallies 90% in a Week: Here is Why

This morning, most investors are going to look closely into those stocks that may have made strong moves this past Friday. One of the stocks to have made a notable move in December was the Impact Fusion International Inc. (OTC:IFUS) stock. It ended up with gains of as much as 38% following a key announcement from the company. Investors could do well to take a closer look at it.

The company announced that on December 7, it received the non-disclosure agreement as well as the letter of intent that had been fully executed by India-based AgriGlow Biotech. The announcement came as a source of major optimism about Impact Fusion International stock as its stock surged. It would be interesting to see if the stock can manage to hold on to its momentum this week.

Impact Fusion International announced that on November 18, a consortium from India visited and toured its facility located in Napoleonville. Additionally, the company noted that the consortium had invited representatives from the company to visit one of the biggest sugar refineries in the area, the La Fourche Sugar Refinery.

The company announced that it had been awarded the permit by the USDA for the purpose of importing as much as 2 metric tons of Indian-harvested bagasse. It was also revealed that the product would be shipped from the Port of Mumbai in India, and transportation would be managed by a Maresk-operated container ship.

Impact Fusion International Inc. announced that once it receives the shipment, the content will be processed at the research and development facility of the company. Additionally, it was noted that AgriGlow would also have the container processed, picked up, and sent back to India so as to conduct its own research on dairy cows. It might be a good time to keep an eye on the stock.

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