Defense Technologies International Corp (OTCMKTS:DTII) has had a harrowing time in the markets in the past few days and the situation remained the same on Tuesday as the stock went down by another 9%.
Trading Data
On Tuesday, DTII stock moved down 8.72% at $0.0068 with more than 1.42 million shares, compared to its average volume of 1.35 million shares. The stock has moved within a range of $0.0067 – 0.0075 after opening the trade at $0.0075.
Inaugural Presentation Ceremony of the ‘Passive Portal’ at Coastal Carolina University
As a matter of fact, the decline on Tuesday, also took its decline for the past week to as much as 19%. The company is involved in providing innovative security systems and technologies to its clients. Yesterday, the company was actually in the news after it launched the first two video in relation to its inauguration at the CCU. While the development was in fact an important one, it did not thrill investors much and the selloff continued in the stock.
In this context it should be noted that back in July this year, Defense Technologies participated in the Public Installation of its Zero-Radiation Passive Portal Walk-Through Weapons Detector event that was held at Coastal Carolina University SC.
In addition to that, Defense Technologies also released the videos in its press release yesterday and interested investors could take a look at those as well. One video shows the how effective the Passive Portal is in the detection of weapons.
Key Quote
“I am excited to announce the start of a new public relations and marketing program with these two introduction videos and more to follow introducing our Passive Portal, the only Passive Non-Radiation Walk-Through Weapons Detector as well as our New EBT-Station” (Elevated Body Temperature) said Merrill Moses the Companies president.
Technical Data
DTII stock is trading below the 20-Day and 50-Day Moving averages of $0.0090 and $0.0102 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0160. The stock is down 58% in the past 3-month.
