Shares in ITonis Inc. (OTC PINK: ITNS) stock saw some heavy volume during Monday’s trading session but with little to show for it. ITNS stock traded as high as 0.05 before closing the day at 0.0351, up 2.63% on volume of 14.6 million. ITonis Inc.’s CEO and President, Mark Cheung, addressed shareholders of the penny stock over the weekend with the Company’s press release.
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ITNS Stock Chart:
Cheung stated in his address that the Company has been making progress with becoming fully reporting under SEC requirements which they anticipate to be completed sometime in June. Cheung also touched on details of the Company’s first provisional patent applications, Paramount Discoveries’ electro-magnetic frequency technologies, and that the first application for the Carbon technology was filed with the U.S. Patent & Trademark Office under Application Number 61/638,385.
About ITNS Stock:
Itonis, Inc. is a holding company that was established in 2005. ITonis is currently undergoing a company-wide transformation to embark upon an aggressive acquisition plan to purchase high growth entrepreneurial companies that have established themselves, or are expected to establish themselves as leaders in various market niches.
Bottom Line: The penny stock of ITonis Inc. (ITNS) can be avoided from any list of penny stocks you were watching. ITNS stock opened at 0.0398 per share. Within a few short minutes of the opening bell, volume came surging in and ITNS shares quickly pushed to 0.05 per share, paving the way for 28% plus in potential gains before it retraced and settled down for the remainder of the trading session.
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