ZZLL Information Technology Inc (OTCMKTS:ZZLL) Stock Sees Profit Booking At Higher Level

Although the ZZLL Information Technology Inc (OTCMKTS:ZZLL) stock corrected sharply on Friday and went down by 25%, it should not be forgotten that over the course of the past week the stock is still up by as much as 240%.

Trading Data

On Friday, ZZLL stock slumped 25% at $0.51 with more than 14K shares, compared to its average volume of 16k shares. The stock has moved within a range of $0.5000 – 0.7200 after opening trade at $0.72.

Recent News

In light of such enormous gains in the past week, it might be a good move for investors to take a look at the ZZLL stock this morning. In this regard, it should be noted that back on November 22 the company had come into focus after ZZLL released information with regards to management discussion and also provided details about its financial condition as well as the results of operations.

The company noted at this point it conducts its business through three of its subsidiaries, SAL, Ezekiel and HSAL. One of the highlights of the updates provided by the company was with regards to the agreement that had been signed by SAL with the software development company Pretech.

It was a significant development for the company and one that may have led to significant optimism among investors. As per the agreement, Pretech will be working as the sales agent of Sal. It remains to be seen if the ZZLL stock can bounce back this morning.