StemGen Inc. (OTCMKTS:SGNI) is moving in a range after it announced that Ember Racing would be another corporate team that will be part of the D3esports Cup Championship.
Trading Data
On Thursday, SGNI stock ended flat at $1.50 with more than 100 shares traded, compared to its average volume of 1.3k shares. The stock has moved within a range of $1.5000 – 1.5000 after opening trading at $1.50.
D3eSports Announces Ember Labs as a Corporate Team for the 2022 D3eSports Cup Championship
Ember Labs is a consulting and strategic advisory firm offering market solutions for blockchain, cryptocurrency, NFTs, digital transformation, and business strategy. Notably, Ember offers advice to companies on building and scaling through crypto and blockchain by giving business and direct engineering solutions. The racing team is a promotional platform for the company.
The CEO of StemGen, Simon Dawson, indicated they are delighted that Ember Racing is joining the 2022 D3eSports Cup Championship. Dawson explained that the collaboration would be a showcase to create awareness about NFTs and cryptos throughout the season as the company builds various platforms and integrates Ember with other teams. Additionally, Ember will be the first team accepting crypto and NFT for sponsorship. Ember Labs Principal Ian Alexander said that the creation of the Ember Racing team is a massive opportunity to promote Ember Labs. So in the coming weeks, SGNI is worth watching.
Key Quote
“We are very pleased to announce Ember Racing through Ember Labs as another team entered into the D3eSports Cup Championship for 2022,” said Simon Dawson, chief executive officer and president of StemGen. “This partnership is a showcase to educate about cryptocurrencies and NFTs throughout the season as we build multiple platforms and integrate Ember with all the other D3eSports teams. They will be the first team to accept exclusively NFT and crypto for sponsorship and not have transitional bank accounts for their program. We are particularly excited about educating schools to teach responsible spending and savings through programs we’re developing.”
Technical Data
SGNI stock is trading below the 20-Day and 50-Day Moving averages of $2.71 and $1.76 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.80. The stock is down 58% in the past month.
