CoroWare Inc (OTCMKTS:COWI) Stock Soars 20%: What’s The Buzz?

If you are currently looking into stocks which may have recorded significant gains on Tuesday, then it could be a good move to perhaps look into the CoroWare Inc (OTCMKTS:COWI) stock.

Market Action:

On Tuesday, COWI stock jumped 20% at $0.0006 with more than 389.06 million shares, compared to its average volume of 172.22 million shares. The stock has moved within a range of $0.0005 – 0.0006 after opening the trade at $0.0005.

Key Trigger

The stock was in the middle of a strong move on Tuesday and ended the day with gains of as much as 20% following a key announcement. The company announced yesterday that its fully owned subsidiary company CarbonMeta Research Ltd made two key appointments to its board of directors. It was announced that CarbonMeta appointed Mohammad Khalil and Tiancun Xiao to its board of directors. It goes without saying that it was a significant development for the company and it seems that the market has also welcomed the development.

Xiao is currently a senior research fellow at the University of Oxford and has considerable experience with regards to the commercialisation of patents. In addition to that, he also has notable experience in transferring those processes to industrial operations.

On the other hand, Khalil is best known for having co-founded the environmental platform EcoMENA and it is believed that his appointment to the CarbonMeta board is also going to prove to be a long term boost for the company.