Public Accelerator-Incubator Digital Asset Monetary Network Inc (OTCMKTS:DATI) was in the news yesterday after it made an announcement with regards to a new partnership. It was an important announcement from the company at a time when the Digital Asset Monetary Network has been struggling.
Trading Data
On Wednesday, DATI stock moved down 0.21% to $0.1186 with more than 8.7k shares, compared to its average volume of 16k shares. The stock has moved within a range of $0.1186 – 0.1300 after opening trade at $0.1273.
DigitalAMN Announces Partners in Dot Hip Hop, LLC – Pioneers in the Domain Name Industry
Over the course of the past month, the stock has tanked by as much as 9% amidst a steady selloff. The company announced yesterday that it Dot Hip Hop LLC, its partner also includes JJN Solutions LLC and Cahn Enterprises LLC. In this context, it should also be noted that the company also noted that the two companies are led by two of the pioneers in the industry.
It was a significant announcement from Digital Asset Monetary Network and one that could lead to further growth for the company I the medium to long term. The decline in the Digital Asset Monetary Network over the past month could however be a source of significant concern for many interested investors. It now remains to be seen if the stock can actually manage to make a turnaround over the course of the coming days. It might be the right time to start tracking it.
Key Quote
Ajene Watson, CEO of DigitalAMN stated, “As a child of the culture, who is a native of its birthplace, and shares its birth date, having the ability to participate in such a venture is both exciting and humbling. This is an amazing opportunity for DigitalAMN and I am grateful to Messrs. Cahn and Neuman, for their gracious generosity in inviting DigitalAMN to participate in this venture.”
Technical Data
DATI stock is trading below the 20-Day and 50-Day Moving averages of $0.12 and $0.12 respectively. However, the stock is trading above the 200-Day moving average of $0.18.
