The Two Hands Corporation (OTCMKTS:TWOH) stock continued on its upward move on Tuesday as investors continued to pile on to the stock and extended its gains. The stock rallied strongly and went up by 32% yesterday to take its gains over the course of the past week to as much as 55%.
The positive trigger for the stock was the August 31 announcement from the company with regards to the fact that it managed to reduce its debt by as much as 67%. Reduction in debt to such a degree is a massive positive for the company and the market believes so as well.
Nadav Elituv, who is the Chief Executive Officer of Two Hands spoke about the situation as well. He stated that after a lot of clamour about changes that needed to occur at the company, the management decided to work with the current debt holders of Two Hands in order to extend the maturity date for debts to the tune of as much as $1,190,320.
The company noted that it was working on extending the debts up until December 31, 2025. It now remains to be seen if the Two Hands stock can continue to add to its gains today.
