IMD Companies Inc (OTCMKTS:ICBU) stock continues to move up, extending its last week’s rally. On Monday, after opening slightly higher, ICBU stock gains further momentum and now up by 96% at the highest point of the day of $0.0311.
What is more interesting is that, within first 150 minutes of trade, more than 364 million shares have traded hands, much higher than its 30-day moving average of 16.90 million shares.
The stock has been gaining momentum ever since the company said it is focusing its resources on farming Chia (Chia.net) cryptocurrency coins.
As per the press release:- Our facilities have been winning Chia coins nearly every day from the start of our operations. iMD has continued to expand our servers and hard drive storage capacity on a weekly basis to reach our initial goal of over a pedabyte (1000 Terabytes) on the Chia mainnet in May. We are continuing our move of farming Chia (Chia.net) at an optimum rate.
Moreover, last week the company confirmed with its Transfer Agent, Olde Monmouth Stock Transfer Co., that the company total issued and outstanding shows the 200 million common stock share reduction.
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