TAAT Global Alternatives Inc (OTCMKTS:TOBAF) is an interesting company considering the fact that it is looking to become a major disruptor in the tobacco industry. However, the TAAT Global stock has not had a particularly great time over the course of the past week and has tanked by as much as 15% amidst a selloff.
Trading Data
On Tuesday, TOBAF stock fell 0.98% to $2.03 with more than 98k shares, compared to its average volume of 128k shares. The stock has moved within a range of $1.9900 – 2.0500 after opening trade at $2.02.
TAAT™ Provides Summary of its First Full Year, Including Progress on International Launches
In this context, it is necessary to point out that the company was in the news yesterday after it provided an update with regards to the milestones it had manage to hit in 2021. It should be noted that 2021 was the first full year after the launch of TAAT from the company in December 2021.
The company noted that in the first full calendar year of its launch, it had launched its product, TAAT, all over the retail market in the United States. It goes without saying that it was a major achievement for TAAT Global. The launch had happened both online and also through e-commerce channels.
However, that was not all. The product had also found a place in physical retail stores in the Greater London zone in the United Kingdom. It now remains to be seen if the stock can bounce back any time soon.
Technical Data
TOBAF stock is below the 20-Day and 50-Day Moving averages of $2.21 and $2.42 respectively. Moreover, the stock is below the 200-Day moving average of $2.83.
