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Star8 Corp (OTCMKTS:STRH) Stock Soars After Acquiring Hyper 30 Data

Ash K , , , ,

If you are currently looking into those stocks which had managed to clock substantial gains on Thursday then it may be a good idea to start tracking the Star8 Corp (OTCMKTS:STRH) stock, which had clocked gains of as much as 40% yesterday. The company came into sharp focus yesterday that it had finally completed the acquisition of Hyper 30 Data that had been announced previously.

Trading Data

On Thursday, STRH stock jumped 40% to $0.0210 with more than 5.42 million shares, compared to volume of 117.89K shares. The stock moved within a range of $0.0150 – 0.0290 after opening trade at $0.0200.

Star8 Corp. Acquires Technology Integrator, Hyper 30 Data

The announcement came as a source of considerable optimism among investors and that was apparent from the price action in the stock yesterday. In this regard, it is important for investors to note that Hyper 30 Data is a company which is involved in technology integration at a national level and is a fiber optics OSP/ISP, network equipment and wireless solutions specialist.

The Chief Executive Officer of Star8, Mario Diez, spoke about the latest acquisition as well. He noted that he welcomed the addition of Hyper 30 to the family of companies owned by Star8. He went on to note that everyone at the company was excited at the possibility of having Hyper 30 on board. Diez also noted that following this acquisition Star8 was in a better position to turn profitable.

Key Quote

“Star8 is pleased to have closed on this deal and we are happy to officially welcome Hyper 30 Data to our family of companies,” said Mario Diez, Chief Executive Officer. “On behalf of the rest of the team at Star8, I want to express how very excited we are to have Hyper 30 Data onboard, and I know our company is better positioned for profitability thanks to this partnership.”

Technical Data

STRH stock is trading above the 20-Day and 50-Day Moving averages of $0.0163 and $0.0173 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0206.