Metrospaces, Inc. (OTCMKTS:MSPC) Stock Continues to Trend Lower: DOwn 40% in a Week

Shares of Metrospaces, Inc. (OTCMKTS:MSPC) continued to slid on Thursday and now down 40% in a Week.

Trading Data

On Thursday, MSPC stock moved down 14.29% at $0.0003 with more than 156.66 million shares, compared to its average volume of 255.32 million shares. The stock has moved within a range of $0.0003 – 0.0004 after opening the trade at $0.0004.

Metrospaces Launches Beta Test for MetroHouse Platform

PropTech company, Metrospaces, Inc. (OTCMKTS:MSPC) which is powered by Shokworks, has launched a beta version of its MetroHouse platform on November 18, 2021. This platform is designed to totally reframe the co-living model, while creating one-of-a-kind unique and luxury residential destinations for digital nomads or nomadic capitalists. It is aimed towards those who have utilized the Covid-19 pandemic to support the concept of building companies, regardless of where they are located in the world.

MetroHouse has everything one requires to live a city life, in one bill – rent, furnishings, high-speed WiFI, utilities and room cleaning. Users of the platform will be a part of a community as they share remarkably designed spaces, while being able to retreat to a full furnished room at the end of the day.

Beta testers get the choice of exploring the MetroHouse platform, both as a user who can apply for MetroHouse’s co-living membership, along with being a real estate owner applying to post details of a property. Beta testing aims to cover around 200-300 users.

Alejandro Laplana, CTO of Metrospaces, says this is a closed beta for early adopters, and provides a way for them to stress-test the platform. Feedback and constructive inputs by beta testers will be taken into consideration, so there are no glitches or drawbacks when the platform goes live.

Key Quote

“We’re thrilled to launch the beta test of our first prop-tech platform, MetroHouse,” Metrospaces CEO Oscar Brito said. “Through the beta test, which uses mocked data content, testers will be able to see exactly how MetroHouse will work. The test includes all areas of the web app.”

Technical Data

MSPC stock is trading below the 20-Day and 50-Day Moving averages of $0.0005 and $0.0007 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0012. The stock is down 70% in the past month.