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REGI U.S. Inc (OTCMKTS:RGUS) Stock Suddenly Soars 43%: What’s The Buzz?

Pete Matthews , , , ,

Although it is true that many stocks recorded substantial losses on Tuesday, the REGI U.S. Inc (OTCMKTS:RGUS) stock proved to be one of the exceptions as it ended the day with handsome gains of as much as 43%.

Traders Corner

RGUS stock is trading above the 20-Day and 50-Day Moving averages of $0.0190 and $0.0126 respectively. The stock is trading in neutral zone with the RSI at 54.  The stock is down 17% in the past month.

Announces Product Development and Licensing Agreement with TAKEnergy Ic.

Yesterday, the company, its board and its fully owned subsidiary company RedMax Technologies Inc made a major announcement that led to the bullish sentiments. The company noted that it had managed to ink a comprehensive product development and licensing agreement with the company TAKEnergy Inc. It was a major announcement from the company and hence, it was easy to see why investors may have decided to pile on to the stock in a big way.

In this context, it is important for investors to perhaps take a look at TAKEnergy in order to get a better idea about the deal. TAKE boasts of a highly experience management which has combined experience in the manufacturing, sustainable energy and oil and gas sector of more than 150 years.

Hence, a collaboration with the company could actually prove to be a significant boost for REGI. At this point in time, it may be a good move to add the stock to your watch lists.

Key Quote

“Our ability to offer economical, reliable, cleantech power alternatives for remote site control and monitoring, as well as reduction in purchased power, is a significant breakthrough for regulators, producers and end-users looking to reduce methane emissions and carbon footprint,” explained Paul Porter, RadMax President and Chief Technology Officer.

Traders Corner

RGUS stock is trading above the 20-Day and 50-Day Moving averages of $0.0190 and $0.0126 respectively. The stock is trading in neutral zone with the RSI at 54.  The stock is down 17% in the past month.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.