In the past week, investors have not been particularly enthusiastic about the SHARC International Systems Inc (OTCMKTS:INTWF) stock and during that period, the stock has fallen by as much as 5%.
Trading Data
On Tuesday, INTWF stock ended flat at $0.2659 with more than 10k shares, compared to its average volume of 6.2K shares. The stock has moved within a range of $0.2659 – 0.2659 after opening trade at $0.2869.
SHARC Energy’s Sales Pipeline Indicates Notable PIRANHA Growth
That being said, it should be noted that on Tuesday the company made a major announcement with regards to a new purchase order. SHARC International announced that it bagged a fresh purchase order for a pair of its PIRANHA systems. The systems in question are supposed to be installed at 30RPL, which is an affordable housing projected situated in Boulder in Colorado.
It is a particularly important development considering the fact that the installation is going to be the second one from the company in the city of Boulder. In addition to that, it is the first installation that is going was accomplished through Long Building Technologies, the representative for SHARC International in the particular region.
The news of fresh purchase orders is generally seen as a positive from investors but it did not lead to any upward move in the SHARC International stock. It now remains to be seen if the stock can managed to reverse its fortunes over the course of the coming days.
Technical Data
INTWF stock is below the 20-Day and 50-Day Moving averages of $0.2715 and $0.2996 respectively. Moreover, the stock is below the 200-Day moving average of $0.3555.
