ProBility Media Corp (OTCMKTS:PBYA) jumped 16% after the company and Upstryve Inc. announced a collaboration and joint partnership with Bizfluence Inc. Bizfluence is a networking platform for medium and small businesses seen as a LinkedIn alternative.
After Upstryve’s acquisition on August 10, 2020, the education company now has the potential of offering complete e-learning and training solutions for companies with expansive employee bases. Notably, Bizfluence’s platform comprises community groups and direct messaging that will add a vital component to the Upstryve platform with an advantage over rivals.
Recently ProBility announced that change of its status to penny stock exempt according to OTC Markets. Qualification for “Penny Stock Exempt” on the OTC Markets the issuer has to satisfy that its securities have a minimum bid price of more than$5 per share with average revenue of $6 million in the past three years. Also, the issuer should have tangible assets of more than $2 million if the issuer has been operational for at least three years. So, in the coming weeks, PBYA is worth watching.
Market Reaction:
On Friday, PBYA stock moved up 15.86% at $0.0168 with more than 146.38 million shares, compared to its average volume of 206.42 million shares. The stock has moved within a range of $0.0145 – 0.0174 after opening the trade at $0.0157.
