Metro One Telecommunications Inc. (OTCMKTS:WOWI) jumped 12% after announcing that its wholly-owned Israel-based subsidiary, Stratford Ltd. (Shelfy), had signed online gourmet gifts seller Gill’s Goodies, as the first client on the WooCommerce plug-in platform expected to launch soon.
Trading Data
On Thursday, WOWI stock ended higher by 11.80% to $0.0900 with 5.3k shares, compared to its average volume of 10.62k shares. The stock has moved within a range of $0.0900 – 0.0900 after opening trade at $0.0900.
Metro One Unveils Plans to Launch Mobile Commerce Platform, Shelfy.io, on WooCommerce by Signing Gili’s Goodies, a Gourmet Gifting Company
The WooCommerce platform is an open-source customizable marketplace running 29% of the one million eCommerce sites employing e-commerce tech.Gili’s Goodies is an Israeli eCommerce catalog firm, but most of its customers are in France, England, Australia, and the US. In addition, the company caters to business partners, friends, and relatives seeking to send gifts to their loved ones staying in Israel.
According to The Jewish Agency for Israel’s statistics, over half of the global Jewish population resides outside Israel, with more than six million living in the US. Most of them have acquaintances and relatives staying in Israel. Gili’s Goodies wants to expand its corporate gifting operations to cater to more than 62,000 Israelis currently employed by multinational corporations. So WOWI is worth watching.
Key Quote
Richard Saffern, VP of Business Development of Shelfy.io and a new immigrant from North America added, “Gili’s Goodies is all about delicious “aesthetically appealing” products. They were impressed by the “freshness” of the Shelfy application and its eye-catching features, but most importantly, by our ability to bring the product to life visually, together with supporting marketing attributes and digital media capabilities.”
Technical Data
WOWI stock is trading below the 50-Day and 100-Day Moving averages of $0.1125 and $0.0964 respectively. Moreover, the stock is below 200-Day moving average of $0.1060. The stock is down 18% in the past month.
