Investors in APT Systems Inc (OTCMKTS:APTY) must be hoping for a quick recover for the stock after its poor performance over the course of the past week. The APT Systems stock has been a major loser during the period and has tanked by as much as 20%.
Market Reaction:
On Monday, APTY stock ended flat at $0.0231 with more than 30.03 million shares, compared to its average volume of 27.69 million shares. The stock has moved within a range of $0.0203 – 0.0250 after opening the trade at $0.0227.
APT Systems Announces Continued Progress for Spera Stablecoin
Yesterday, the company was in the news after it made an announcement with regards to its continued efforts towards the launch of Spera, its stable coin. In addition to that, APT Systems also noted that it was also working on ways so that the SPRA symbol could be adopted for the Ethereum powered stable coin.
The announcement was a significant one from APT Systems, especially considering the fact that the popularity of stable coins have gone up manifold in the recent past. Glenda M Dowie, who is the founder of the company and also the Chief Executive Officer, spoke about the matter as well.
She stated that APT Systems was making full use of all the latest technological advancements in order to create a better and ‘more robust’ Spera stable coin. She went on to add that once the development process is completed, security tests are going to be conducted on Spera.
