After having gone through a remarkable rally over the course of the past few days, the Rogue Station Companies Inc (OTCMKTS:RGST) stock corrected sharply on Monday and declined by 11%.
Trading Data
On Monday, RGST stock moved down 11.30% to $0.44 with more than 1.32 million shares, compared to its average volume of 250k shares. The stock has moved within a range of $0.3800 – 0.7400 after opening trade at $0.5175.
Rogue Station Companies, Inc./Everdime Technologies, Inc. Executes Agreement for First Custom NFT Package
While the correction may have been sharp, it is necessary for investors to remember that the stock still up by as much as 193% over the course of the past week. In light of the situation with the stock at this point, it may be a good time for investors to possibly look into the development with regards to Rogue Station from yesterday.
The company was in the news on Monday after it announced that it signed up for a collaboration agreement with the singer Andrea Hosking and the well-known artist Tjili Grant Wetherill with regards to a NFT package.
At this point in time, NFT has emerged as one of the more lucrative sections of the crypto industry and a deal of that nature could prove to be an important one for Rogue Station in the long run. However, the move did not lead to much excitement among investors and the stock suffered from a selloff. It now remains to be seen if it continues to slide or if there is a recovery today.
Key Quote
Sandor Miklos, RGST’s new CEO, stated “This is a wonderful, worthwhile project and will demonstrate our capabilities in the NFT generation/listing marketplace. A successful Proof and posting shows customers what our team can do for their income generating projects.”
Technical Data
RGST stock is trading above the 20-Day and 50-Day Moving averages of $0.2053 and $0.2174 respectively. Moreover, the stock is above 200-Day moving average of $0.1062.
