Among the many stocks that managed to record handsome gains yesterday, one of the more notable movers was the Hunter Technology Corp (OTCMKTS:HOILF) stock. It came into sharp focus yesterday following a key announcement and ended up with gains of as much as 47% for the day.
Trading Data
On Tuesday, HOILF stock gained 46.67% to $0.1232 with more than 736 shares, compared to its average volume of 39k shares. The stock has moved within a range of $0.1092 – 0.1232 after opening trade at $0.1149.
Key Details
Yesterday, the company announced that it appointed Dr KonstantinoGhertsos, who is a member of its board, as the new Chief Executive Officer. The appointment of a new CEO is almost always a big thing for any company and it seems that the appointment was welcomed with great enthusiasm by investors.
It should also be noted in this regard that the appointment went into effect immediately. Alain Fernandez, who had been acting as the interim CEO of Hunter Technology Corp stepped down from his position and returned to his role as a member of the company’s board. Ghertsos thanked the outgoing CEO Fernandez and the company’s board with regards to the appointment. He went onto state that he was looking to foot print of the company’s product Hunter Marketplace Solutions to new markets, starting with the one in Central Africa, which remains unserved at this point.
Key Quote
“I am excited to transition the CEO role to Kostas. He has been integral of connecting our existing technologies to opportunities in West and Central Africa, and beyond. Under his commercially focused guidance the Company will be able to accelerate its path towards revenue generation,” said outgoing interim CEO Alain Fernandez.
Technical Data
HOILF stock is trading below the 20-Day and 50-Day Moving averages of $0.12 and $0.15 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.34. The stock is up 8% in the past month.
