Impact Fusion International Inc. (OTCMKTS:IFUS) Stock Continues to Move Up: Soars 57% in a Week

Impact Fusion International Inc. (OTCMKTS:IFUS) was up 10% and 72% in a week. The company has announced the conversion of its $150,000 long-term debt obligation into Common Shares as per Rule 144. Following the conversion, the company issued around $11 million shares of its common stock.

Market Stats

On Tuesday, IFUS stock surged 10.54% at $0.0346 with more than 1.70 million shares, compared to its average volume of 1.60 million shares. The stock has moved within a range of $0.0300 – 0.0366 after opening the trade at $0.0359.

Reduced Its Long Term Debt by an Additional $150,000

Impact Fusion recorded the debt in its recent OTC Markets financial disclosures. The net impact of the transaction is to eliminate overall long-term debt for another 15% for an aggregate of 57% since October 13, 2021. Impact Fusion indicated previously that it owed around $1.566 million, and the debt was reduced last month to $650,000. Following the conversion, the company’s long-term debt is now around $816,461.

Impact Fusion operates in the “Health and Wellness” industry, where it markets various wellness products across international markets. The company’s mission is to invent, develop, and market proprietary health and wellness products globally to support the well-being and health of animals and humans. So in the coming weeks, IFUS is worth watching.

Traders Corner

IFUS stock is trading above the 20-Day and 50-Day Moving averages of $0.0364 and $0.0271 respectively. Moreover, the stock is trading above 200-Day moving average of $0.0140. The stock is up 34% in the past month.