When a stock makes a strong recover in the markets, it may be a good time for investors to sit up and take notice. Such a thing happened with the Life Clips Inc (OTCMKTS:LCLP) stock on Thursday as it made a strong recovery and ended the day with gains of 10%.
On Thursday, LCLP stock moved up 10.15% to $0.0152 with 41.26 million shares, compared to its average volume of 25.42 million shares. The stock has moved within a range of $0.0143 – 0.0175 after opening trade at $0.0175.
Life Clips Subsidiary BelfricsBT To Implement Health Information Management dApp In Nairobi Kenya’s Bela Risu Medical Center
That being said, it should not be ignored that despite the recover the stock if still down by as much as 18% in the past week. Yesterday, the company made an announcement with regards to its subsidiary Belfrics and that led to the strong rally in the stock.
It was announced yesterday that Belfrics was going to provide its blockchain as well as machine learning health information system for the purposes of hospital and patient management to the BelaRisu Foundation located in Nairobi in Kenya. The collaboration is going to begin this month only and it goes without saying that it marks a significant development for the company.
The solution in question is going to be provided to the foundation by way of the healthcare dApp that has been built on the Belrium blockchain. Investors could do well to keep an eye on the Life Clips stock today.
Dr. Martin Kamau, co-founder and director of the Bela Risu Foundation, said, “Belyo will enable Bela Risu to handle all patient and medical logistic data in a simple, efficient and secure manner, while providing safe and quality care for the patient. Belyo’s adaptive blockchain capabilities will provide innovative patient interaction and care beyond its current scope.”
LCLP stock is trading below the 20-Day and 50-Day Moving averages of $0.0167 and $0.0198 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0184.