When a company provides insights into its business as clearly as possible then it leads to greater transparency and that may often lead to a bump in the stock price as well.
Trading Data
On Wednesday, CSLI stock moved up by 2.30% to $0.0089 with 522k shares, compared to its average volume of 1.43 million shares. The stock has moved within a range of $0.0053 – 0.0094 after opening trade at $0.0094.
Announces Shareholder Updates
That is what seemed to happen with the Critical Solutions Inc (OTCMKTS:CSLI) stock on Wednesday after the company continued the release of its ‘From the Boardroom’ series of videos and provided key insights into its operations. The latest development led to a rally in the stock and it ended the day with gains of as much as 2%.
The vice president of the company, Robert Munch, provided some of the critical insights in the video. He noted that Critical Solutions had submitted a filing to the OTC Exchange by way of which the ‘shell status’ accorded to the company could be revoked.
Once that comes into place, the stock is expected to get more recognition and come into the attention of more investors. In other words, a larger pool of investors are going to be able to trade in the stock and that can only be a positive for the Critical Solutions stock. It might be a good idea to keep an eye on the proceedings.
Technical Data
CSLI stock is trading below the 20-Day and 50-Day Moving averages of $0.0085 and $0.0090 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0143. The stock is down 4% in the past month.
