In the past week, the Valiant Eagle Inc (OTCMKTS:PSRU) stock has emerged as one of the major movers in the market and during the period, it managed to clock gains of as much as 18%.
Trading Data
On Thursday, PSRU stock fell 2.50% at $0.0039 with more than 134.91 million shares, compared to its average volume of 83.94 million shares. The stock has moved within a range of $0.0036 – 0.0047 after opening the trade at $0.0040.
Enters Into Landmark Film Development Agreement
The stock is expected to remain in focus today among investors owing to the announcement from the company yesterday with regards to a new film development deal. The company called the deal ‘groundbreaking’ in its press release. The deal in question has been signed with the well known company New Republic Pictures and the famed film producer Brian Oliver. Oliver is the founder of New Republic.
As per the provisions of the film development deal, Oliver’s company and Valiant Eagle are going to collaborate on the production of television shows as well as films which are going to be screened at film festivals.
It is believed that the films are going to be screened at prominent places like Toronto, Cannes, Venice and Berlin among others. The two entities are going to share the profits that are generated from these television shows and films. It is a major new development for Valiant Eagle and it seems that investors recognised it as such.
Technical Data
PSRU stock is trading below the 20-Day and 50-Day Moving averages of $0.0044 and $0.0051 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0098. The stock is up 5% in the past 3-month.
