Helo Corp (OTCMKTS:HLOC) Stock Gains Momentum: Soars 50%
Helo Corp (OTCMKTS:HLOC) was up 50% after announcing the provision of financing to support santéPatch development, a tech that is capable of monitoring the wearer’s micronutrients.
Market Stats
On Wednesday, HLOC stock soared 59.55% to $3.51 with more than 9.2K shares, compared to its average volume of 4.8K shares. The stock moved within a range of $2.8000 – 3.8900 after opening trading at $2.80.
Helo Corp Targets Worldwide Personalized Nutrition Market with Funding of santéPatch
Helo’s financial support will be used to validate the technology and help bring santéPatch to market. In addition, the company’s subsidiary, Vyvo Technology Corp, will leverage the micronutrient information from the santéPatch wearer to inform its Artificial Intelligence engine and provide more precise customized nutrition to its consumers around the world.
The precision nutrition industry is expected to rise dramatically in the next few years. Bad eating habits, demanding lifestyles, and the increased frequency of numerous ailments are driving demand for tailored nutrition, with the market expected to reach $24 billion by 2028. The company’s CTO and Chairman Fabio Galdi stated that under the Vyvo brand, they seek to expand the precision nutrition market share through non-invasive tech that can measure vitamin and mineral data to establish deficiencies so that people can take only what they need. Therefore, investors should watch HLOC.
Key Quote
“Under its Vyvo brand, Helo seeks to grow its share of the precision nutrition market using non-invasive technology to measure individual customer mineral and vitamin data to identify their specific deficiencies, so that our customers only take what they need,” said Fabio Galdi, Chairman and CTO of Helo Corp.
Traders Corner
HLOC stock is trading above the 20-Day and 50-Day Moving averages of $2.95 and $3.41 respectively. Moreover, the stock is trading above the 200-Day moving average of $1.51.
