Carsmartt Inc (OTCMKTS: CRSM) has remained a profitable stock for the long-haul investors. The stock went up 64.95% gaining $0.0063 to close at $0.016. Throughout the day, the stock moved in the vicinity of the $0.0099 – $0.016 range. The 52-week high of this penny stock is $0.035, while its lowest in the 52-weeks is $0.0051. At the ring of the bells, 44K shares were exchanged in the market. This compares with its average trading volume of 1.25 million shares. CRSM primarily trades in OTC markets, and the company has its headquarters in Florida, United States.
Black Brick Construction, Inc. acquisition
A few weeks earlier, the company announced that it acquired Black Brick Construction, Inc., specializing in data centers and ground-up construction. The company had acquired Black Brick Construction’s 100% shares for cash of more than $100,000. With the entire project coming up, the company announced that it had a great potential to grow.
Stock performance over the time
In the previous week, the stock surged 73.91%, gaining $0.0068. Since June 14, there has been a 60% growth in the stock. However, in the last year, there has been a 20.00% decrease in the stock. For a long duration, the investors who have owned this stock, say five years know that the stock gives a good value. Having penny stocks and the ones below $10 are a great addition to the investors’ portfolio.
Should you buy CRSM?
In the future, the company said that it would have multiple divisions, through which it will acquire scalable and lean companies. As a result, the company’s prospects include higher growth potential, along with better revenue streams. For the long-term stockholders of CRSM, the future seems reasonable enough.