International Endeavors Corporation (OTCMKTS:IDVV) Stock Extends Gains On Acquisition News
Yesterday, International Endeavors Corporation (OTCMKTS:IDVV) came into focus after it announced that it had completed the acquisition of WITech. WITech is a privately owned company and is focussed on automation and artificial intelligence related technologies. The news of a new acquisition can often bring a company into focus among investors and hence, it could be a good idea to take a closer look at the whole thing.
On Wednesday, IDVV stock increased 3.38% to $0.0026 with more than 46.04 million shares, compared to its average volume of 1.25 million shares. The stock moved within a range of $0.0025 – 0.0044 after opening trade at $0.0044.
IDVV Announces Acquisition to Expand Into AI Sector
The acquisition of WITech could well prove to be a major boost for International Endeavors Corporation, since it could help the company in improving its existing crypto and solar technologies in a big way. In addition to that, it could also help the company in expanding into the fast growing artificial intelligence sector.
It was announced yesterday by International Endeavors Corporation that it was looking to integrate the technologies from WITech into its current Clean Energy Crypto initiatives. That is expected to provide the company with effective mining and automating functions. However, that is not all.
International Endeavors Corporation intends to spin WITech into a fully owned subsidiary unit so as to develop a range of other products using the same technology. Investors could do well to keep an eye on the stock this morning.