IDGlobal Corp (OTCMKTS:IDGC) stock Jumps 20%: Here is Why

If you are currently looking into stock which made notable gains yesterday then it is difficult to look past the IDGlobal Corp (OTCMKTS:IDGC) stock. The stock made a big move yesterday and ended up with gains of as much as 20% after the company made a major announcement. IDGlobal announced that it has hired the services of Executive Industries for the purposes of corporate marketing services.

Executive Industries, which is actually a business division of Here to Serve Holding Corp, is also going to look after the investor relations initiatives of the company. In light of the gains made by the company yesterday, it might be the right time for investors to perhaps start tracking the stock.

Sebastian C. DuFort, who is the Chief Executive Officer of IDGlobal also spoke about the latest development. He stated that the company is excited to have hired Executive Industries and there is belief that this association is going to help in unlocking for value for the IDGlobal shareholders.

Earlier on this month, the company had made another important announcement. It announced that its monitoring services subsidiary company Noveda Technologies managed to grow its year on year billings by as much as 450%.

Market Reaction:

On Wednesday, IDGC stock jumped 20% to $0.0012 with more than 402.83 million shares, compared to  its average volume of 76.58 million shares. The stock has moved within a range of $0.0010 – 0.0013 after opening the trade at $0.0011. Over the past 52-week, the stock has been trading within a range of $0.0001 – 0.0032.