Solar utilities and finance company Green Stream Holdings Inc (OTCMKTS:GSFI) saw its stock go into a bit of a downward spiral over the course of the past week. During the period, there has been a strong selloff in the stock and it has declined by as much as 28%.
Trading Data
On Wednesday, GSFI stock was down 3.75% to $0.0077 with 929K shares, compared to its average volume of 4.10 million shares. The stock has moved within a range of $0.0076 – 0.0085 after opening trade at $0.0085.
Latest News
That being said, it may now be a good move for investors to consider taking a look at the announcement made by Green Stream Holdings yesterday and then figure out if the stock can make a recovery soon. On Wednesday, the company announced that the members of its Board had decided to extend the record date for investors to be eligible for the common stock dividend from Green Stream Holdings.
In the past the company had announced a special stock dividend by way of which investors were going to go a solitary restricted common stock for each block of 100 shares they held. At the time, the record date for the dividend pay out had been set at December 15, 2021. However, yesterday the company announced that the Board of Directors had decided to extend the record date to January 15, 2022. The decision had been reached back on December 13, 2021.
Technical Data
GSFI stock is trading below the 20-Day and 50-Day Moving averages of $0.0106 and $0.0123 respectively. However, the stock is trading below the 200-Day moving average of $0.0427. The stock is down 40% in the past month.
