Investors who are currently looking into the stocks which may have recorded significant gains over the past week could do well to consider taking a look at the IDGlobal Corp (OTCMKTS:IDGC) stock.
Trading Data
On Thursday, IDGC stock ended flat at $0.005 with more than 76.89 million shares, compared to its average volume of 217.56 million shares. The stock has moved within a range of $0.0003 – 0.0005 after opening trade at $0.0005.
IDGlobal Corp. Provides Corporate Update Including Joint Venture with ELA Asset Management Group, LLC
The stock has been in the middle of a strong run over the course of the past week and has managed to clock gains of as much as 25% amidst heavy interest. On Thursday, the company was in the news once again after it announced that its fully owned subsidiary unit Azure Blockchain Inc inked a joint venture agreement with the company ELA Asset Management Group LLC.
It was a major announcement from the company considering the fact that joint venture seeks to vertically integrate all the aspects of a crypto mining operation over the long term. The operations of the joint venture is going to include both mining operations of its own and also specialised services, that are going to be provided to customers who are involved in mining.
In light of this announcement, it now remains to be seen if the IDGlobal stock can manage to stay on the radars of investors and continue to add to its gains today.
Key Quote
The Company CEO, Sebastien C. DuFort stated, “The Company is excited to finally find a partner with bona-fide experience and access to the industry, we will be exploring various metaverse opportunities, and updating shareholders multiple times in the near future.”
Technical Data
IDGC stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. However, the stock is trading below the 200-Day moving average of $0.0010.
