Global Trac Solutions (OTCMKTS:PSYC) has emerged as one of the major players in the nascent media market in the medicinal psychedelics space in recent times. The company is also well known for having established the platform for psychedelic news and information, Psychedelic Spotlight.
Trading Data
On Monday, PSYC stock moved up 13.64% to $0.0075 with 3.21 million shares, compared to its average volume of 2.09 million shares. The stock has moved within a range of $0.0061 – 0.0079 after opening trade at $0.0061.
PSYC’s Ongoing Growth and Progress Showcased in Q4 2021 Company Review
Yesterday, Global Trac stock has come into significant focus among investors after it provided investors with updates regarding the achievements and milestones that it hit in the fourth quarter of 2021. The announcements led to a degree of excitement about the stock and it ended the day with gains of as much as 14%.
As it happens, the rally in the stock on Monday took the gains made by it over the course of the past week to as much as 44%. That is another reason why Global Trac is a stock that investors could consider tracking. Global Trac noted that it had been successful in hitting in excess of 500,000 page views for the Psychedelic Spotlight website during the fourth quarter.
On the other hand, PYSC Media Services started off total monetisation efforts and that brought in $25,000 in form of revenues during the course of the quarter.
Key Quote
“As much of an uphill battle 2021 was at times, I am truly inspired by the way we closed out the year and believe it demonstrates the dynamic progress we continue to make as a Company,” said PSYC CEO, David Flores.
Technical Data
PSYC stock is trading above the 20-Day and 50-Day Moving averages of $0.0062 and $0.0070 respectively. However, the stock is trading below the 200-Day moving average of $0.0115. The stock is up 17% in the past month.
