POSTD Merchant Banque (OTCMKTS:PMBY) has been mandated to work as a lead arranger for corporations to banks and in recent days, the company’s stock has suffered amidst a steady selloff. The trend continued on Wednesday as the stock continued to suffer from a selloff and went down by 8% for the day.
Trading Data
On Wednesday, PMBY stock lower by 8.38% to $0.1280 with more than 75k shares, compared to its average volume of 67.90k shares. The stock has moved within a range of $0.1000 – 0.1400 after opening trade at $0.1397.
POSTD Merchant Banque Adds CFO To Management Team
The selloff in the POSTD Merchant Banque stock yesterday took the decline for the past week to as much as 14%. At this point, it may be a good move for investors to take a look at the announcement made by POSTD Merchant Banque on Wednesday.
The company announced yesterday that it had appointed a new Chief Financial Officer in the form of Muhammad Gazanfer. It goes without saying that the appointment of a Chief Financial Officer if a big event for any company and especially for an entity that is involved in the finance industry. Khan is a seasoned executive and had previously served as the Chief Executive Officer of Gold and Silver Trading India since 2006.
In addition to that, he had also served as the CEO of the company Premium Ranch since the year 2004. Investors could keep an eye on the POSTD Merchant Banque at this point and see if it can make a recovery.
