Innovative Designs Inc (OTCMKTS:IVDN) Stock Soars After New Orders

The receipt of new orders is often seen as a major positive for most companies and hence it may be a good time to take a closer look into Innovative Designs Inc (OTCMKTS:IVDN) today.

Trading Data

On Thursday, IVDN stock gained 23.30% to $0.2466 with more than 161.45K shares, compared to its average volume of 6.97K shares. The stock moved within a range of $0.1800 – 0.2500 after opening trade at $0.1900.

Innovative Designs, Inc. Receives Significant New Orders for Its Unmatched Insultex House Wrap from Two Repeat Customers

The company announced on Thursday that it had bagged significant orders for its Insultex House Wrap from two different customers based out of the Midwest region of the United States. The company went on to note that the orders were being processed and would be shipped eventually. One of the orders had been placed by Lindus Construction, based out of Wisconsin, which had been using the product on the homes of their clients for a number of years.

It was also noted that Lindus Construction also understood the virtues of Insultex House Wrap as a product and also offered a strong endorsement of the product in its own website. The other order had been placed by a client based out of Minnesota and the customer was a repeat customer. The second client is involved in the construction of modular homes and Innovative Designs noted that it was another space in which its product could find considerable use in the coming years.