Not too long ago the Live Current Media Inc (OTCMKTS:LIVC) stock had rallied strongly but on Thursday, the stock corrected sharply and declined by as much as 42% on the back of profit booking.
Trading Data
On Thursday, LIVC stock decreased 41.53% to $0.3800 with more than 1.51 million shares, compared to its average volume of 230.09K shares. The stock has moved within a range of $0.3750 – 0.6680 after opening trade at $0.6400.
Management Discussion
There has been no news at all about the company this week so far but back on November 12, the company had provided an update with regards to a management’s discussion as well as a lowdown of the result of operations and analysis of financial condition. Such an announcement can often lead to a rally in stocks and perhaps that is what happened with regards to the Live Current Media stock.
In this context, it is important for investors to have a better idea about the company and the nature of its business. Live Current Media had been established in the state of Nevada back in 1995.
At this point of time the company is still designated as a technology company which is in a development stage. The company is currently engaged in the development two specific products for the sports and gaming spaces. The products are Trivia Matrix and SPRT MTRX. Despite the decline due to profit booking, it could be a stock worth tracking.
Technical Data
LIVC stock is trading above the 20-Day and 50-Day Moving averages of $0.33 and $0.24 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.18. The stock is up 111% in the past month.
