In recent times, Resgreen Group International (OTCMKTS:RGGI) has emerged as one of the more notable operators in the mobile robot industry and this past Friday, its stock made a strong upward move.
Trading Data
On Friday, RGGI stock soared by 14.60% to $0.0180 with more than 575K shares, compared to its average volume of 544K shares. The stock has moved within a range of $0.0155 – 0.0198 after opening trade at $0.0198.
Resgreen Group Provides Update
In this context, it may be a good to take a look at the update provided by Resgreen Group that led to the 16% rally in the stock on Friday. This update was provided by the company in order to apprise investors with regards to its activities since it had participated in the Assembly Show that had taken place at Rosemont, Illinois.
The updates were provided by Parash Patel of Resgreen Group. He stated that in recent times the company had been considerably busy in its work related to provide the necessary information in relation to a range of its mobile robot products.
However, that was not all. Patel went on to note that the he had been personally involved in forging relationships with the AMR industry once again. In addition to that, other members of the staff at Resgreen Group have also been involved in forgings such relationships. It is likely that the stock is going to come into focus today.
Technical Data
RGGI stock is trading in the neutral zone as RSI stands at 46. The stock is trading below the 50-Day and 200-Day Moving averages of $0.0221 and $0.0426 respectively. The stock is down 9% in the past month.
