In the past few days, the Two Hands Corporation (OTCMKTS:TWOH) stock has suffered from a steady selloff and the trend remained the same on Monday as the stock tanked by another 8%. That took its losses for the past week to as much as 17%.
Trading Data
On Monday, TWOH stock moved down 7.75% at $0.0020 with more than 99.81 million shares, compared to its average volume of 179.51 million shares. The stock has moved within a range of $0.0020 – 0.0022 after opening the trade at $0.0022.
GoCart.city Expansion of Groceries To Students Program
However, at the same time, it is important to point out that the company was in the news today after it announced that it decided to expand its groceries to students program. As per the provisions of this particular programme, the company will be providing vouchers worth as much as $50 to university students who live in the Greater Toronto Area.
The students can use the vouchers to buy groceries from Gocart.city. The Chief Executive Officer of the company Nadav Elituv spoke about the initiative from Two Hands as well.
The CEO stated that everyone at the company was proud to have become part of the social programs at the local universities. While the news may have been a significant one for the students in the area, it did not quite make much of a change with regards to the outlook of invetors about Two Hands Corporation.
Key Quote
Two Hands CEO, Nadav Elituv stated “It makes us proud to be part of universities social programs and support student’s food purchases with wide range of fresh and healthy groceries delivered fast.”
Nadav Elituv continues, “focus on universities programs is working and it is one of several gocart.city initiative being rolled out to expand our market that will deliver on our revenue growth goals for 2022.”
Technical Data
TWOH stock is trading below the 20-Day and 50-Day Moving averages of $0.0024 and $0.0028 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0031. The stock is down 25% in the past month.
