Investors are going to look into those stocks this morning which may have clocked considerable gains yesterday and it is almost certain that many of them are going to track the B2Digital Incorporated (OTCMKTS:BTDG) stock. It was one of the biggest movers on Thursday after the company’s Chief Executive Officer issued a letter to its shareholders.
Trading Data
On Thursday, BTDG stock went up 53.57% to $0.0043 with more than 67.73 million shares, compared to its average volume of 12.27 million shares. The stock has moved within a range of $0.0028 – 0.0046 after opening trade at $0.0028.
B2 Digital’s CEO Issues Shareholder Letter Outlining the Path Ahead
The B2Digital stock soared by as much as 53% for the day as a consequence. In this situation, it may be a good idea for investors to take a look at some of the highlights from the letter and then make up their minds about the stock one way or another.
The CEO noted that the premier development league operator for Mixed Martial Arts had worked diligently over the course of the past two years to put in strong foundations that could generate robust growth in the future. In addition to that, he stated that 2021 was a ‘breakout year’ for B2Digital and hence, the work that had been put in by the company in the past two years had already started bearing fruit. It now remains to be seen if the B2Digital stock can continue to add to its gains today and end the week on a high.
Technical Data
BTDG stock is trading above the 20-Day and 50-Day Moving averages of $0.0031 and $0.0029 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0043.
