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YUKA Stock Rose 27%. What Led To That?

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At the close of Friday session, Yuka Group Inc. (OTCPink: YUKA) was up 26.89% at $1.6750. Volume of Yuka stock was 15.9K, compared with its Average Weekly Volume of 6.24K. Since YUKA stock rose in spite of current news, we can point to recent developments to get a better understanding of YUKA.

How did YUKA do recently?

Yuka, an e-commerce company, helps brands get access to strategic sales channels for entering the global market or expanding there. YUKAs brand building and marketing services can help clients expand their brand’s reach. YUKA offers more than just comprehensive sales and marketing services; they also offer operational logistics, product and brand photography, and product and marketing research.

Last month, Yuka announced that it had hired a PCAOB independent accountant and a law firm to perform a two-year audit, which will be followed by a Form 10 filing to the Securities and Exchange Commission (SEC).

As a result of its successful collaboration with two advisors, Yuka Group is looking forward to filing Form 10 which enables its shareholders and investors to better understand the company’s common stock, said Meir Avitan, Yuka Group’s CEO and Board Member. YUKA achieved a significant milestone through this filing. Investors gain complete transparency and the value of the shares increases.

Yuka’s plans going forward:

YUKA has committed to completing the 2-year audit within the next 4 months as well as filing the Form 10 Statement. YUKA will also provide periodic updates regarding upcoming acquisitions and company news.

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