Engineering company Energy and Water Development Corp (OTCMKTS:EAWD) is involved with providing sustainable and innovative solutions with regards to energy and power.
Trading Data
On Tuesday, EAWD stock ended flat at $0.20 with more than 26k shares, compared to its average volume of 62K shares. The stock has moved within a range of $0.1600 – 0.2000 after opening trade at $0.20.
Energy and Water Development Corp. Engages ClearThink to Lead Expanded Investor Relations Program
Yesterday, the stock had come on to the radars of investors in a big way following a key announced and managed to extend its gains. Over the course of the past week, the stock has managed to deliver gains of as much as 11%. Yesterday, Energy and Water Development Corp came into focus after it announced that it had decided to hire the services of the company ClearThink Capital for the purposes of the development and deployment of a major investor communications and outreach programme.
The hiring of a strategic firm is almost always a major event for any company and the latest announcement was also a significant one for Energy and Water Development Corp. The company noted that it was no in a place from which it could start thinking about the next stage of growth. Hence, the outreach to investors will be an important aspect of the whole thing. It might be a good idea for investors to add the Energy and Water Development Corp stock to their watch lists at this point.
Key Quote
“We believe we are now ready to enter the next growth phase of our business, as we got caught up with our annual and quarterly filings in September through November and regained our fully reporting and compliance with the U.S. Securities and Exchange Commission,” stated, Ralph Hofmeier, Chief Executive Officer of Energy and Water Development Corp.
Technical Data
EAWD stock is below the 20-Day and 50-Day Moving averages of $0.2113 and $0.3378 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.2859.
