IDGlobal Corp (OTCMKTS:IDGC) was up 11% has announced the signing of an agreement with ELA Asset Management Group and The Power Company USA LCC to commercialize gas and electric services to commercial and residential customers nationwide.
Trading Data
On Wednesday, IDGC stock moved up 11.1% at $0.0445 with more than 12.45 million shares, compared to its average volume of 930K shares. The stock has moved within a range of $0.0360 – 0.0523 after opening trade at $0.0360.
IDGlobal Corp. Provides Corporate Update
Notably, the first rollout to Deregulated Energy Markets pans to leverage Noveda’s existing customer base in the Northeast that comprises 11 states of a possible 17 countrywide before expanding to the Midwest.
Recently the company set out to upgrade its novel patents software and include multination firms and foreign countries collaborating with the company toward green solutions for cost analysis and monitoring. In addition, IDGlobal is bringing in some highly qualified professionals to the company to drive a cost-effective energy supply chain and monitor as value addition and develop towards a recurring revenue model. Most importantly, the company has been purchasing energy off-grid for supply nationwide from regulated markets. So in days to come, investors should keep an eye on IDGC.
Key Quote
The Company CEO, Sebastien C. DuFort stated “The Company is heading in the right direction and will continue to make strides into profitable arenas and we are just getting started with our Azure Blockchain subsidiary as well.”
Technical Data
IDGC stock is trading below the 20-Day and 50-Day Moving averages of $0.0007 and $0.0009 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0012. The stock is down 65% in the past month.
