Solar utility and financing company Green Stream Holdings (OTCMKTS:GSFI) has suffered in the markets over the course of the past week and gone down by as much as 15% during the period.
Trading Data
On Monday, GSFI stock ended flat at $0.0115 with more than 1.17 million shares, compared to its average volume of 5.09 million shares. The stock has moved within a range of $0.0115 – 0.0125 after opening trade at $0.0115.
Green Stream Holdings Inc. (GSFI) Settles Another Convertible Promissory Note
While the stock may be down in the past week, it should be noted that back on November 29, 2021, the company had made a major announcement with regards to the settlement of a Convertible Promissory Note. The company announced at the time that it had not only settled but repaid the sum of $69425.86 to Geneva Roth pertaining to the above mentioned Promissory Note.
It was a significant development for the company considering the fact that Green Stream repaid the amount and also settled other expenses related to interest as well as a prepayment fee. The payment had been completed by the company back on November 17, 2021 and the day before Geneva Roth had published a letter regarding the same.
The amount paid at the time was the full and final payment and there were no further obligations after that. Despite the selloff in the stock over the past week, it will be interesting to see if the stock can make a recovery at some point in the coming days.
Technical Data
GSFI stock is trading below the 20-Day and 50-Day Moving averages of $0.0126 and $0.0150 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0515. The stock is up 12% in the past month.
