iMD Companies (OTCMKTS:ICBU) stock Rockets 92%: What’s The Buzz?

Those who are currently on the lookout for stocks which recorded handsome gains on Tuesday could do well to take a look at the iMD Companies (OTCMKTS:ICBU) stock. There was no news about the company yesterday but the stock experienced heavy action and recorded gains of as much as 92%.

In light of the sheer magnitude of the gains made by the company, the iMD Companies stock is expected to be in focus among investors today. While there was no new about the company, it might be a good idea to take a look at a development from back on June 30, 2021.

At the time the company announced that its board of directors approved the initiative for iMD Companies to start working on developing its own crypto utility or asset based token.

It was a major announcement from the company and brought considerable attention to the iMD Companies stock at the time. The company revealed that the coin is going to be used for financial transactions and also for trading purposes. In addition to that, those who use the token and transact in it are also going to be rewarded for it. It now remains to be seen if the iMD Companies stock can continue to add to its gains today.

Market Reaction:

On Tuesday, ICBU stock soared 92% at $0.0075 with more than 76.71 million shares, compared to its average volume of 60.39 million shares. The stock has moved within a range of $0.0039 – 0.0083 after opening the trade at $0.0042. Over the past 52-week, the stock has been trading within a range of $0.0002 – 0.0465.