Infrax Systems Inc. (OTC:IFXY) Stock In Focus After The New Acquisition
On Monday, a number of companies had come into the news cycle, and one of those was Infrax Systems Inc. (OTC:IFXY), also known as US Standard Capital. Ahead of the beginning of trading this morning, it may be a good time for investors to look into the developments that brought the company into focus.
New Acquisition
The company was in the news cycle yesterday after it announced that it had been successful in completing the acquisition of Cornerstone Rock LLC. In the news release, it was noted that Cornerstone was based out of Houston and was involved in residential construction, with a focus on new projects as well as remodeling.
Infrax Systems noted that the acquisition was a significant one since it would allow it to combine the capabilities of Cornerstone with Texas-based JP Developers, a real estate investment outfit that had been previously acquired.
Further Information
The company went on to note in the news release that the audits for the 2022 and 2023 financial years had been concluded. The audit of the 2024 fiscal year, which had ended on June 30, 2024, was ongoing. Following the completion of the 2024 audit, the registration statement would be completed and filed with the SEC.
Technicals
| +/- EMA(20) | 0.0005 (+0.00%) |
| +/- SMA(50) | 0.0005 (+0.00%) |
| +/- SMA(200) | 0.0005 (+0.00%) |
| 5-Day Perf. | – |
| 1-Month Perf. | – |
| 3-Month Perf. | -16.67% |
| 6-Month Perf. | +25% |
| YTD Perf. | +25% |
| 1-Year Perf. | – |
| RSI(14) | 50.8 |
| ATR(14) | – |
| ADX(14) | 40.2 |
| Beta (5Y) | 0.83 |
Profile
