Cyber Apps World Inc (OTCMKTS:CYAP) stock has been in consolidation mode for the better part of the year after imploding in March. However, its sentiments in the market have improved significantly, going by the 29% plus rally. The rally came as the acquirer and developer of innovative cyber technologies said it has started BETA testing of friendly and fast delivery systems.
The company is commencing the Beta testing of the friendly and fast delivery app in Ahmedabad, India. The next-generation delivery service is designed to provide customers and businesses with delivery options, including food and groceries.
As part of the Beta testing, customers will be able to place orders virtually any time and from anywhere. The service should save customers the hustle and time of traveling to actual locations. Testing of the app in Ahmedabad in the next three months is expected to pave the way for launch in the USA early next year.
Separately Cyber Apps has obtained a default judgment against East Capital investments Corp for the conversion of penalty amount into the company’s common stock. Additionally, the company has amended its claim against Black Ice Advisors. The new claims will now include security fraud.
Market Reaction:
On Monday, CYAP stock jumped 29% at $0.0062 with more than 140.69 million shares, compared to its average volume of 6.87 million shares. The stock has moved within a range of $0.0055 – 0.0117 after opening the trade at $0.0055.
