Golden Triangle Ventures Inc (OTCMKTS:GTVH) Stock Fell 18% Last Week: Here is Why

The Golden Triangle Ventures Inc (OTCMKTS:GTVH) stock was in the middle of a major downward spiral last week and suffered from a significant selloff. As a consequence, the stock tanked by as much as 18% for the week.

Trading Data

On Thursday, GTVH stock ended flat at $0.0269 with more than 1.33 million shares, compared to its average volume of 1.24 million shares. The stock has moved within a range of $0.0222 – 0.0269 after opening trade at $0.0260.

Announces Full List of 2021 Accomplishments and Plans for 2022

While investors are certainly going to hope for a quick turnaround in fortunes this week, it may also be a good move to take a look at an announcement that was made by Golden Triangle Ventures last Thursday. The company provided an update with regards to its achievements and milestones during the course of 2021 and also provided updates about its plans for 2022.

The company announced that it had decided on a mission for the development of a wide range of exciting new businesses in its portfolio so that its core business divisions can reap benefits. In this context, it is also important to note that Golden Triangle Ventures’ core businesses are in the technology, entertainment and health sectors. The company also listed an overview of the projects that it had worked on over the course of the year so far. It remains to be seen if the stock can make a recovery this week or not.

Technical Data

GTVH stock is trading below the 20-Day and 50-Day Moving averages of $0.0323 and $0.0439 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1676. The stock is down 31% in the past month.