Glucose health Inc. (OTCMKTS:GLUC) jumped 23% after offering an update regarding the financial information released on June 30, 2021, for the first six months of its fiscal 2021. At the start of the company’s current operations that involve production and distribution of GLUCODOWN branded products, the company’s management came up with a long-term strategy to reduce debt to eliminate debt obligations in its books over several years.
So far, dozens of entanglement and financial obligations have been settled or repaid and retired. Interestingly the company is now debt-free for once in its history.
Also, some of its debts had an option of being converted into common shares, but by following its debt management strategy, the company avoided the issuance of tens of millions of dilutive shares. As a result, Glucose Health’s equity structure Is among the most transparent, attractive, and straightforward for a developmental stage firm. With zero debt and zero liabilities on GLUC’s balance sheet, it is worth keeping an eye on this stock.
On Tuesday, GLUC stock soared 23.40% at $2.89 with more than 77k shares, compared to its average volume of 15k shares. The stock has moved within a range of $2.3400 – 3.2450 after opening the trade at $2.34.