EVIO Inc. (OTCMKTS:EVIO) Stock Soars On Unusual Volume: Here is Key Development
EVIO Inc. (OTCMKTS:EVIO) was up 33% after announcing a strategic collaboration with Rare Earth Genomics Texas LLC. Since the launch of its hemp operations in 2020, REG has been evaluating its hemp offerings with EVIO. Following the strategic partnership, EVIO and REG will strengthen their relationship on various R&D projects focusing on hemp optimization.
Market Stats
On Friday, EVIO stock soared 33.33% to $0.0002 with more than 75.96 million shares, compared to its average volume of 107.74 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trading at $0.0002.
EVIO, Inc. Announces Partnership with Rare Earth Genomics Texas, LLC
Some of the things they will engage on are evaluation of unique terpenes and terpenoids, optimizing testing techniques for breeding, quantifying minor and major cannabinoids, assessing the possibility of soil remediation, and testing protocols for latest phenotypes. They will also commence evaluation of hemp seeds feed and hemp food products.
In return, REG will receive training and support from EVIO as they work toward their mission of becoming a leading industrial hemp company. Also, REG is closely working with Texas A&M AgriLife Research and the Department of Soil & Crop Science, a vital aspect of the hemp breeding initiative. So investors should watch EVIO in the coming weeks.
Traders Corner
EVIO stock is trading below the 20-Day and 50-Day Moving averages of $0.0002 and $0.0003 respectively. The stock is trading in neutral zone with the RSI at 47.
