Inuvo, Inc. (NYSE American: INUV) stock jumped 23.45% to $1.79 in the late hours yesterday. The stock of the Advertising Agencies industry monthly performance was recorded at 260.43% in comparison to the weekly performance of 12.70%. The stock changed hands 263,174,512 times in the last trading session in contrast with the 3-month average volume of 8.66M.
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Inuvo, Inc. (NYSE American: INUV) is an industry leader in artificial intelligence, online product & brand messaging policies focused on strong, confidential, and proprietary data from customers for marketers, marketers, and partners.
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What happened recently
Inuvo, Inc. (NYSE American: INUV) recently revealed that it has closed a registered direct offering for a total of $8.0 million before deducting agent fees and other costs.
At a price of $0.60 per share, Inuvo sold 13,333,334 shares of its common stock with a par value of $0.001.
This offering will be used to provide working capital for the company and for other general corporate purposes.
The sole placement agent for the offering was A.G.P./Alliance Global Partners.