In recent time the RushNet Inc (OTCMKTS:RSHN) stock has managed to make considerable gains and over the course of the past week alone, it has rallied by 100%.
Earlier in the week, the company, along with its acquisition target heliosDX announced that it signed a letter of the internet in relation to the acquisition of a privately owned laboratory. In this regard, it needs to be pointed out that the laboratory can process in excess of 5000 tests every month and the number of UDS tests can go up to as much as 12000.
The laboratory generates annual revenues of $10,000,000 and that is a clearer indication of the reason behind the optimism among investors regarding the acquisition. However, more importantly, it is necessary to note that the acquisition of this laboratory is going to help heliosDX in further expanding its presence in the United States. Investors could consider adding the RushNet stock to their watch lists in light of these gains.