The past few days have been a great time for investors in LifeQuest World Corp (OTCMKTS:LQWC) and it is likely that the stock is going to come into focus among investors this week as well. This past Friday the stock was in focus once again among investors and ended up with gains of 18%.
On Friday, LQWC stock jumped 18.60% to $0.0593 with more than 132k shares, compared to its average volume of 155k shares. The stock has moved within a range of $0.0500 – 0.0699 after opening trade at $0.0699.
More importantly, it is perhaps necessary for investors to note that the rally on Friday actually took the gains made by the stock in the past week to a handsome 38%. The company came into focus last week after it announced that its latest wastewater treatment plant located in South Africa had become fully operational.
That was a significantly positive piece of news and it was perhaps not surprising that investors piled on to the stock following the announcement. More importantly, LifeQuest World Corp also noted that the project is on course to bring in as much as $1.5 million in the form of net EBITDA in the first 10 year of the agreement. The agreement in question is on a 10+10 agreement. In light of the gains, it may be a good move from investors to add the LifeQuest World Corp to their watch lists.
LQWC stock is trading below the 50-Day and 200-Day Moving averages of $0.0617 and $0.1274 respectively. However, the stock is trading above the 20-Day moving average of $0.0508.