Bantec Inc. (OTCMKTS:BANT) Stock Falls 12% in a Week: Here is Why

Bantec Inc. (OTCMKTS:BANT) is down 12.5% in a week. Recently, the company offered an update regarding the Bantec Sanitizing Franchise. Earlier, CEO Michael Bannon had indicated that the franchise manual was complete, and the company had embarked on pre-market advertising.

Bantec signed up with seamless, which is a high-technology client digital mining firm that will help supplier franchisees with several qualified and prevailing customer leads. In collaboration with Accurate Franchising, the company said that it was working on a landing page and franchise marketing plan.

The company has now started selling franchises through Bantec Sanitizing. Bannon said that they are delighted to commence selling the franchises. He added that with the Delta variant spreading fast and the possibility of other virulent pathogens, the company is better positioned through Bantec Sanitizing Franchisees to assist the business to keep customers and employees safe. He said that they are ready to sell and market the franchises, which will add to its bottom line. So, in weeks to come, BANT is worth watching.

Market Reaction:

On Thursday, BANT stock jumped 1.45% at $0.0035 with more than 71.18 million shares, compared to its average volume of 23.40 million shares. The stock has moved within a range of $0.0034 – 0.0043 after opening the trade at $0.0036.