The past month has been a pretty spectacular time for investors in One World Universe Inc (OTCMKTS:OWUV) in light of the staggering gains that have been recorded by the stock. The stock continued to be in the middle of the rally yesterday as it ended the day with gains of 28%.
Trading Data
On Wednesday, OWUV stock soared 28.28% to $0.59 with more than 6.22 million shares, compared to its average volume of 4.67 million shares. The stock has moved within a range of $0.4600 – 0.6500 after opening trade at $0.4819.
One World Universe Acquires Innovative “Tubeless” Tire Technology Company Tyreless, Inc.
However, perhaps more importantly, it is important to note that the rally took the gains made by the One World Universe stock to as much as 1080%. The company, which invests in new age technology industries and is also involved in the Metaverse space, was in the news yesterday after it announced that it had completed the acquisition of the company Tyreless Inc.
Tyreless is an innovative firm which is involved in the tubeless tyre technology space and the closure of the transaction led to considerable optimism among investors.
The unique selling point of the company’s product is that it offers a universal solution when it comes to fitting tires of any diameter or width to any wheel without the need for any tools. It may well prove to be a major acquisition for One World Universe and it might be a good time to start tracking the stock closely.
Key Quote
“The modern pneumatic tire, from aircraft landing tires down to wheelbarrow tires solve many problems as far as shock absorption and surface grip and traction, yet, these marvels of the modern world, especially bicycle tires, are incredibly vulnerable to punctures, ruptures and several other related failures. And we haven’t even gotten to the practically indestructible tubeless tires like what we now own! Even in the developed world, a child’s bike can sit for weeks or months waiting for a patch or replacement but imagine living in a place like Africa or India, where doctors and healthcare workers rely on bicycles for their sole form of transportation but are so poorly paid that one flat tire can cost a month’s wages, yet they can easily get one flat a day. We will be giving these tires to our military all the way to third world countries in the new year, along with expanding the material applications for development of sporting equipment and self defense protection,” stated Jerry C. Craig, CEO of OWUV.
Technical Data
OWUV stock is above the 20-Day and 50-Day Moving averages of $0.29 and $0.12 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.05. The stock is up 1080% in the past month.
