The blue-collar staffing solutions provider Labor Smart Inc (OTCM: LTNC) has been one of the stocks to have come into focus among investors in a big way and it is perhaps time to take a closer look into it.
Over the course of the past two weeks, the Labor SMART stock has soared by as cosmic as 150%. The reason behind the rally in the stock could be related to the fact that Labor SMART is now looking to branch out into other industries and become a diversified company.
The company announced earlier this month that it has inked a Memorandum of Understanding with the company Faith Springs in order to launch a joint venture. On the other hand, Labor SMART is also set to take up a minority stake in Faith Springs through its fully owned subsidiary Takeover Industries Inc. As part of the deal, the company will also get the rights to sell and market a wide range of hydrogen water products.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.