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What Prompted Optec International (OPTI) Shares To Climb 11%

MRAI Stock

MRAI Stock

The stock of UV and UV-C safety products developer Optec International Inc (OTC: OPTI) closed up 11.03% to $0.3422 at the close of trading in the previous session. In the course of the session, the stock exchanged hands for 55.22M shares, ranging from $0.2750 to $0.3847.

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What happened?

During the significant rise in Pandemic cases reported worldwide, more than 1000% increase in revenue was achieved by the company during its December 31, 2020, Quarterly Financial Report, announced the company on Wednesday.

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Financial highlights:

Recent developments:

OPTEC International is a maker and producer of safety devices and associated specialized technologies around for electronic LEDs, ultraviolet (UV) & UV-C, and products for PPE (Personal Security Equipment). The Safe-Scan product line of the company is being introduced at a time when Decision makers and facility managers are highly worried with ensuring stable conditions amid the global pandemic crisis and the safe reopening of the U.S. economy.

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