New Delhi, July 21 -- Avance Technologies share price hit upper circuit for the fifth straight trading session to touch a 52-week high on Monday amid heavy buying volumes. The small-cap penny stock gained as much as 2% to a fresh high of Rs.1.24 apiece on the BSE.

Avance Technologies shares have been rising for the past fifteen consecutive trading sessions.

Recently, Avance Technologies announced that its board of directors approved entering into a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited.

"Avance Technologies Limited has executed a non-binding term sheet for the proposed acquisition of Checkers India Technology Private Limited, www.Excess2Sell.com, a leading techenabled B2B inven...