There have been certain stocks which have managed to clock significant gains in the past week and one of those is the SmartCard Marketing Systems Inc (OTCMKTS:SMKG) stock. The stock has been in the middle of a strong rally in recent times and this past Friday, it continued on its merry ways to end the day with gains of 11%.
Trading Data
On Friday, SMKG stock gained 10.69% to $0.0880 with more than 21k shares traded, compared to its average volume of 84K shares. The stock has moved within a range of $0.0838 – 0.0895 after opening trading at $0.0895.
Key Updates
As a matter of fact, the rally in the stock on Friday took the gains made over the course of the past week to as much as 21%. This past Friday, the stock came into focus among investors after the company provided an update with respect to its operations as a credit card company.
SmartCard Marketing Systems announced that it had been successful in building up a strong portfolio of intellectual properties at this point in time. Most of those intellectual properties are actually meant for financial institutions and enterprises which are particularly focussed on Marketplace Technologies.
The company also asserted that its technologies are going to be helpful for businesses of all nature, starting from digital to brick and mortar to those which may be in the Metaverse. It may be a good time to start tracking the stock.
Technical Data
SMKG stock is trading above the 50-Day and 100-Day Moving averages of $0.0808 and $0.0707 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0667.
