This morning many investors are going to be looking into those stocks which may have made significant gains last Friday and one of the stocks which could come into focus is Quality Industrial Corp (OTCMKTS:QIND). It is a company which is involved in mergers and acquisitions, primarily in the oil and gas spaces.
Market Action
On Friday, QIND stock jumped 13.21% to $0.3170 with more than 573.79K shares, compared to its average volume of 73.54K shares. The stock moved within a range of $0.2700 – 0.3417 after opening trade at $0.2915.
Quality Industrial Corp. is Acquiring the Majority Stake of Quality International Co Ltd FZC
The company, which has a majority stake in ILUS International Inc, announced that back on January 18 it had inked a definitive share purchase agreement with regards to the acquisition of a 52% stake in Quality International Co Ltd FZC. It was a significant new announcement from the company and the stock climbed by as much as 13% last Friday amidst significant interest.
Quality International is a company that is based out of the United Arab Emirates and has been involved in the manufacturing sector for than twenty years. The company controls manufacturing facilities totalling an area of 10 million square feet and employs a workforce of more than a 1000. Some of the company’s customers include such behemoths as Sasol, ANDOC, Shell, Total, Cheveron and BP among many others. It may be a good idea to keep an eye on the Quality Industrial stock this morning.
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