Last week, the One World Universe Inc (OTCMKTS:OWUV) stock had emerged as one of the biggest gainer but on Thursday, the stock corrected somewhat and declined by 7%. However, investors need to keep in mind that the stock clocked gains of a staggering 86% for the week.
Trading Data
On Thursday, OWUV stock slid 7% to $0.3720 with more than 3.52 million shares, compared to its average volume of 4.52 million shares. The stock has moved within a range of $0.3600 – 0.4250 after opening trade at $0.3849.
Global Security Transport’s Heath Fernald to Take PPO-QM Exam
Last Thursday, the company’s subsidiary Global Security Transport announced Heath Fernald had managed to complete the validation of his service record. Following that, Fernald is now going to be eligible for the examination for Private Patrol Operator-Qualified Manager. The Chief Executive Officer of the company, Jerry C Craig spoke about the matter as well.
In his statement, Craig thanked the California BSIS office located in Sacramento for having approved the application quickly. He went on to state that the validation for Heath Fernald is going to be critical for the future growth of One World Universe. However, the news did not lead to fresh optimism about the stock and actually led to a pretty strong selloff. It now remains to be seen if the stock can manage to manage to bounce back this week or if there is more selloff. It may be a good idea to keep an eye on the stock today.
Key Quote
“We thank the state of California BSIS office in Sacramento for their quick turnaround in approving the application and additional information requested. Having Heath qualified will be a critical component in the future of GSTC, where we need the qualification for transporting water and our future grows. As mentioned previously, the Metaverse is just one element of what One World Universe is all about,” stated Jerry C. Craig CEO.
Technical Data
OWUV stock is trading below the 20-Day and 50-Day Moving averages of $0.23 and $0.10 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.05. The stock is up 86% in the past week.
