SKY440 Inc. (OTCMKTS:SKYF) Stock Doubled on Heavy Volume: But Why?

SKY440 Inc. (OTCMKTS:SKYF) jumped 100% after announcing an update regarding its structure and direction going forward. Already Sky440 has updated filings with the Nevada Secretary of State, and it is looking forward to being current with OTC Markets.

In addition, the company is pursuing a product development strategy as it looks to unveil new products in Q4 2021 to create revenue for the company. Most importantly, the company is considering acquisitions in technology, real estate, and crypto verticals, and associated tech.

Sky440 will launch a company structure in Q4 2021 to push the company into a solid entity with certainty regarding revenue creation objectives. The company’s goal is combining the expertise of its team members to develop a cohesive force that will move the company forward in the marketplace. In addition, the Nevada-based corporation will be offering additional details regarding the progress it has made about becoming OTC current and other initiatives as they become available through its website and social media. So in the coming weeks, SKYF is worth keeping an eye on.

Market Reaction:

On Tuesday, SKYF stock soared 100% at $0.0010 with more than 1.19 billion shares, compared to its average volume of 99.78 million shares. The stock has moved within a range of $0.0005 – 0.0015 after opening the trade at $0.0006.