Clickstream Corporation (OTCMKTS:CLIS) was back on the radars of investors on Monday and its stock ended the day with gains of as much as 9% amidst heavy interest.
Trading Data
On Monday, CLIS stock moved up 9.33% at $0.0410 with more than 321k shares, compared to its average volume of 1.16 million shares. The stock has moved within a range of $0.0377 – 0.0439 after opening trade at $0.0397.
Material Definitive Agreement
Yesterday, the company was in the news after it emerged that in accordance with an Officer Agreement between Michael Handelman and the company, the former had been appointed as the Chief Financial Officer. The appointment had gone into effect on December 1, 2021 and the agreement between the two is going to be in place for a year. However, at the same time, it needs to be remembered it is not a short term appointment.
Handelman’s position is going to be auto renewed for one year every year and it would only stop in the event of his termination. Other than certain exceptions, Handelman is going to exclusively work for Clickstream Corporation.
It seems that the news of the new appointment has come as a source of optimism for many investors and that has possibly been reflected in the price action that has been seen in the Clickstream stock over the past few days. At this point it may be a good idea to add the stock to your watch lists.
Technical Data
CLIS stock is trading below the 20-Day and 50-Day Moving averages of $0.0473 and $0.0617 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1346. The stock is down 40% in the past month.
