Over the past few days, the Maptelligent Inc (OTCMKTS:MAPT) stock has been in the middle of a bit of a downward spiral and it continued on Tuesday as the stock declined by another 8%. That took its decline for the past week to as much a 22%.
Although the continued decline in the stock maybe alarming, it is also important for investors to remember that there has been no news at all about Maptelligent over the course of the past week. The last time any news emerged about the company was back on September 15 this year and investors could consider taking a look at it.
At the time the company announced that it signed an agreement with Christopher Oudegeest, who had founded Ashbuilt Conditions. Ashbuilt is involved in surveying buildings and then coming up with specific solutions.
The tie up is aimed at making sure so that Maptelligent could continue to provide a safer physical environment. It goes without saying that the agreement is a significant one and one that could further enhance the range of services that the company could provide. However, at this point, it remains to be seen if the stock can actually make a recovery.
