ILUS International Inc (OTCMKTS:ILUS) Stock Soars 22% In a Week: What’s The Buzz?

Mergers and acquisitions firm ILUS International Inc (OTCMKTS:ILUS) has seen its stock come into sharp focus over the course of the past week and during the period the stock has managed to clock gains of as much as 22% as a consequence.

Market Stats

On Friday, ILUS stock fell 0.91% at $0.4670 with more than 24.90 million shares, compared to its average volume of 33.82 million shares. The stock has moved within a range of $0.4345 – 0.4940 after opening the trade at $0.47.

Updates Shareholders on Its Acquisition Strategy, Deals and NASDAQ Up List Plans

Considering the magnitude of the gains in the previous week, it is likely that the stock is going to be in focus among investors this week as well. The company has made considerable progress this year so far and currently it is working on a range of acquisitions for the year.

However, at the same time, the company is also working on a number of big ticket deals and all of this is part of ILUS’ larger strategy of getting listed on the NASDAQ. Not too long ago the company had also hosted a question and answer video in which John-Paul Backwell, its managing director answered questions that had been put forward by shareholders. The videos are currently available on YouTube and it might be a good idea for investors to take a look at those in order to make their minds up about the ILUS stock at this point in time.

Traders Corner

ILUS stock is trading above the 20-Day and 50-Day Moving averages of $0.38 and $0.30 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.14. The stock is up 890% in the past 3-month.