There were many stocks which managed to clock notable gains on Wednesday and one of those was the R-Three Technologies Inc (OTCMKTS:RRRT) stock, which ended the day with gains of as much as 10%.
Trading Data
On Wednesday, RRRT stock moved up by 10.46% to $0.3590 with more than 61k shares, compared to its average volume of 94K shares. The stock has moved within a range of $0.3110 – 0.3590 after opening trade at $0.3250.
R-Three Technologies Expands Advisory Board — 2 Health and Wellness Doctors Join Team
Yesterday, the stock was in focus after the company announced that it had expanded its advisory board. The two individuals who reached an agreement with R-Three Technologies to join its advisory board are Dr David M Snipper and Dr Hamid Alizadeh. The expansion of a company’s advisory board is almost always a significant development and it seems that investors were also quite optimistic about the latest inductions.
This is a significant move from R-Three Technologies considering the fact that the induction of the above mentioned professionals to the advisory board is expected to help with the health and wellness offerings.
It goes without saying that the health and wellness sector has grown at a remarkable pace over the past few years and hence, the excitement among investors is perhaps understandable. Both Snipper and Alizadeh are experienced medical practitioners and will bring a wealth of expertise to the R-Three Technologies advisory board. It might be a good idea to keep an eye on the stock today.
Key Quote
“The team is really coming together,” said Stan Kolaric, CEO of R3T. “These recent adds to our advisory board should help us round out our upcoming product offerings this year and develop our next generation of products. The true measure of a team is how they work in unison. When we work together it’s not like we can finish each other’s sentences but we all have different points of view that can all see the primary vision clearly. We have a couple more people to announce, but our roster is definitely looking up.”
Technical Data
RRRT stock is trading in the neutral zone as RSI stands at 53. The stock is trading below the 50-Day and 200-Day Moving averages of $0.37 and $0.42 respectively. The stock is up 32% in the past month.
