This past Friday, the NTG Clarity Networks Inc (OTCMKTS:NYWKF) stock remained within a range although the company did make an important announcement. As it is often seen, stocks which trade within a particular range may often break out as well and hence, it may not be an entirely bad idea for investors to take a closer look into NTG Clarity Networks.
Trading Data
On Friday, NYWKF stock ended flat at $0.0307 with more than 3k shares, compared to its average volume of 3.3K shares. The stock has moved within a range of $0.0307 – 0.0307 after opening trade at $0.0307.
NTG Clarity Receives Multiple POs for Professional Services Valued at Approximately $810K CAD
The company announced on Friday that a number of customers had sent in purchase orders for the technical professional services that are provided by NTG Clarity Networks. While it is true that the receipt of purchase orders is always a positive for any company, the news did not lead to much enthusiasm among investors.
The company noted that it got purchase orders worth as much as $642000 for its professional technical resources and consulting services for the telecom and financial industries in the Middle East. In addition to that, NTG Clarity Networks also bagged contracts for the utilisation of NTGapps technology and that made up $168000. The company noted that it was excited to have received these purchase orders. It now remains to be seen if the NTG Clarity Networks stock can managed to break out any time soon.
Technical Data
NYWKF stock is below the 20-Day and 50-Day Moving averages of $0.0355 and $0.0397 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.0478.
