MHHC Enterprises Inc (OTCMKTS:MHHC) Stock Soars 22% In A Week: What’s The Buzz?

The diversified holding company MHHC Enterprises Inc (OTCMKTS:MHHC) has come into the focus among many investors in a big way over the course of the past week. During that period, the stock has managed to make a strong move and clocked gains of as much as 22%.

Trading Data

On Wednesday, MHHC  stock ended flat at $0.0370 with more than 11K shares traded, compared to its average volume of 13.4K shares. The stock has moved within a range of $0.0370 – 0.0370 after opening trading at $0.0370.

MHHC Enterprises Inc. Provides Shareholder Update

In light of such gains, it may be the right time for investors to take a look at the update provided by the company to its shareholders yesterday. In its update, MHHC Enterprises noted that throughout the course of 2021 it had managed to grow its subsidiary companies considerably and at the same time, it had also been successful in setting up new subsidiaries.

On the other hand, MHHC Enterprises noted that it had also distributed stock dividends and had been preparing for a Reg A offering as well. In this regard, it is also necessary to keep in mind that MHHC Enterprises also announced that in 2021 it had also been engaged in strengthening its management team.

These were significant announcement and it will be interesting to see if it can lead to further interest in the stock over the course of the coming days. It may be a good time to keep track of the MHHC Enterprises stock.

Key Quote

Frank Hawley, MHHC’s CEO commented, “2021 brought about significant changes to MHHC. We hired an experienced CFO, underwent a 2-year audit, distributed our dividend with a record date of 6/30/21, and made significant improvements to the development of ONBLi and, all while continuing to organically grow our existing operations. I’m very impressed with our accomplishments for 2021 and compelled to continue to add value for shareholders in 2022. We have exciting plans for 2022 and have been working on several joint ventures which we are confident will materialize over the next year, so keep an eye out for continued updates from management.”

Technical Data

MHHC stock is trading below the 20-Day and 50-Day Moving averages of $0.0420 and $0.1417 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.2751.