Bulls Take Over Wednesday's Session For This Small Cap

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, May 25, 2022

A New York-based small cap confirmed this morning that is has agreed the principal terms to acquire its first $100 million revenue company, according to the release. This target acquisition is said to be on track to potentially achieve over $200 million in revenue this year, which is why traders appeared to need to get their hands on shares of Ilustrato Pictures International Inc. (OTCPK:ILUS).

Ilustrato Pictures International Inc is an investment company operating in New York, London and Dubai focused on adding shareholder value through innovation and growth. The company is focused on acquiring businesses in the Technology, Engineering, and Manufacturing space globally. It looks to acquire companies that have strong management and potential to grow rapidly and will benefit from cross-pollination of territories, products, and skills from other group companies.

For those of you that follow our Pro features closely, you’ll know that this company has been on our radar for quite some time. Following this most recent announcement, traders snatched up shares on Wednesday pushing the price up to $0.1269/share (+31.16%) at the session high.

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