In the past month, there has been a fair degree of focus on the W Technologies Inc (OTCMKTS:WTCG) stock and that has been apparent in the price action in the stock in the past month. During the course of that period, the stock clocked gains of as much 11% and it may now be a good time for investors to perhaps focus a bit on it.
Trading Data
On Monday, WTCG stock ended flat at $0.79 with 1.8k shares, compared to its average volume of 2.5k shares. The stock has moved within a range of $0.7800 – 0.7900 after opening trade at $0.78.
W Technologies Inc. Changes Name to Descrypto Holdings, Inc.
Yesterday, the company was actually in the news after it announced that it had been successful in changing its name to Descrypto Holdings Inc. In this context, it ought to be noted by investors that the filing of the amendment for making the name change had been submitted to the State of Delaware a long time ago.
It had also been specified in the Form 8-K that had been filed by the company back on November 8, 2021. In addition to that, the company has also been working through the process with FINRA in relation to the change of its name and also its ticker symbol of its stock. It now remains to be seen if the stock can continue to add to its gains through the week.
Key Quote
We are very excited to be developing a leading Blockchain, NFT, Crypto infrastructure holding company. While we await FINRA processing of our new name we are diligently building the pillars of Descrypto Holdings, Inc. to provide investors an opportunity to invest in a diversified platform through our acquisition strategy” said Howard Gostfrand, CEO of Descrypto Holdings, Inc.
Technical Data
WTCG stock is trading below the 50-Day and 200-Day Moving averages of $0.8277 and $0.8867 respectively. However, the stock is trading above the 20-Day moving average of $0.7615.
