Despite having not been in the news cycle for many weeks, the Human Unitec International Inc (OTCMKTS:HMNU) stock has been one of the notable movers in the market in the past week.
The stock started the new week strongly and went up by as much as 20% amidst heavy interest. That took its gains over the course of the past week to as much as 125%. However, investors might find it difficult to make head or tail of the latest big move in the stock. The last time any news emerged about the company was back in July when Human United made an announcement about its subsidiary company Sedda Green Energy SRL.
At the time, the Boston based company had announced that Sedda Green Energy had reach an agreement with Tuninetti Trade with regards to some green energy plants that are going to be based out of Porto Torres in Italy.
Tuninetti Trade is going to supply 600 tons of plastic waste per month, which is then going to be recycled by Sedda Green. Sedda Green had stated at the time that each ton of dry clean plastic is going to help with the production of 600 litres worth of eco diesel.