CECORS Inc. (OTCMKTS:CEOS) Stock Surges 20% in a Week: What Next?
CECORS Inc. (OTCMKTS:CEOS) up 20% in a week. The company has announced through its subsidiary PsyKey that it has successfully navigated extraordinary challenges regarding the impacts of the pandemic on the global supply chain after securing around 900Kg of high-quality mushrooms.
Market Reaction:
On Monday, CEOS stock fell 0.69% at $0.0719 with more than 180k shares, compared to its average volume of 184k shares. The stock has moved within a range of $0.0650 – 0.0750 after opening the trade at $0.0724.
Corporate Update
Once final approval is received for Psykey’s formulation, the company will use the six functional mushroom strains in developing its retail products. Most importantly, highly qualified mycologists oversaw the procurement of the ingredients aligning with the company’s commitment of being at the forefront of retail vision to provide high-quality products to consumers.
Psykey has been bolstering its advisory personnel and management in the last two quarters and has engaged major international distribution partners. The company continues to engage in discussion with its previously conformed partnership opportunities. Management will be meeting current distribution and manufacturing partners from next week to lay down the path to bring its product offerings to customers. Therefore, in the coming months, CEOS is worth watching.
