Human Unitec International (HMNU) Stock More Than Doubled in a Week

There has been no fresh news about the Boston based company Human Unitec International Inc (OTCMKTS:HMNU) but the company’s stock emerged as one of the major gainers on Thursday and clocked gains of as much as 37%. The company is involved in a range of businesses including Green Energy, Wellness, Project Finance and Wellness among others.

However, back on June 22 there was a major development when Human Unitec announced that it signed a strategic agreement with TechV SA, a medical technology company which is based out of both Switzerland and the United States.

It is a major development for the company and could have been a factor behind the recent interest in the stock among investors. By way of this agreement, Human Unitec is going to be responsible for the distribution of products from TechV SA in Canada and the United States.

The distribution work is going to be conducted through MSK Kinesis, a business division of Human Unitec International Inc. It is a collaboration that could result in considerable growth in the company’s business in the long term and that may be a reason why the Human Unitec International stock has come into such focus among investors.

Market Reaction:

On Thursday, HMNU stock soared 36.50% at $0.0239 with more than 86.40 million shares, compared to its average volume of 2.24 million shares. The stock had moved within a range of $0.0181 – 0.0290 after opening the trade at $0.0188. Over the past 52-week, the stock has been trading within a range of $0.0056 – 0.0449.