If you are currently looking into those stocks which have managed to record notable gains on Thursday then it might be a good time to take a look at the Pacific Green Technologies Inc (OTCMKTS:PGTK) stock.
Trading Data
On Thursday, PGTK stock gained 8.33% to $1.30 with more than 19k shares, compared to its average volume of 14k shares. The stock has moved within a range of $1.3000 – 1.3600 after opening trade at $1.30.
Pacific Green Makes Key Appointment as it Enters the Commercial Marine Wind Propulsion Technology Sector
The company was in sharp focus on Thursday after there was a key development with regards to its wholly owned subsidiary unit Pacific Green Marine Technologies Inc yesterday. It ended the day with gains of as much as 8% as investors piled on to the stock in a big way. In this situation, it may be a good idea to take a closer look at the appointment made by the subsidiary company yesterday.
Pacific Green Marine Technologies announced yesterday that it had appointed George Thompson as a lead consultant in order to provide assistance in its quest to enter the fast growing wind propulsion space in the marine sector.
In this context, it is also necessary to point out that Thompson is a wind propulsion technology expert and could prove to be a key contributor towards the project in his role as a consultant. In this situation, it might be a good move for investors to add the Pacific Green Technologies stock to their watch lists.
Key Quote
Pacific Green’s Chief Technology Officer, Don Stephen, said: “We have been researching several forms of hybrid power over the past twenty-four months and now have a clear strategy to develop a platform of industry leading technologies to assist ship owners achieve real fuel savings and help the shipping industry meet the carbon dioxide reductions required by the International Maritime Organization. Entering the wind propulsion sector is the first step”
Technical Data
PGTK stock is trading below the 20-Day and 50-Day Moving averages of $1.31 and $1.55 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.82. The stock is down 25% in the past month.
