Quanta Inc (OTCMKTS:QNTA) got considerable attention from investors yesterday and the company’s stock also ended up with gains of 8% as a consequence. The gains in the stock came about as a result of an announcement by Medolife Rx Inc, a majority owned subsidiary of Quanta.
Medolife, which is an integrated bioceutical firm announced yesterday that it got positive feedback following the bi-annual visit from the Dominican Republic’s Ministry of Environment. The ministry formally visited the scorpio reservation that is located at the Neyba province. It should be noted that the visit is also an important part of the joint venture agreement between the Ministry of Environment and Medolife.
Medolife has a long standing relation of the Ministry of Environment and it has been working on this joint venture to build a scorpio reservation since 2008. The company has been involved in the development of this facility since that time and the bi-annual visit from the ministry is part of the agreement between the two parties. The positive feedback came as a source of optimism from investors and hence, the impact was seen in the Quanta stock yesterday. Investors could consider keeping an eye on the Quanta stock today.