Pervasip Corp (OTCMKTS:PVSP) Stock Moves Up 7% In a Week: But Why?

Pervasip Corp has emerged as an important name among companies which are involved in developing technologies and companies in emerging markets with high value. While it is an interesting company in its own right, the Pervasip Corp (OTCMKTS:PVSP) stock has also performed strongly over the course of the past week and has managed to clock gains of as much as 7% amidst heavy interest.

Trading Data

On Thursday, PVSP stock ended flat at $0.0031 with more than 28.43 million shares, compared to its average volume of 17.85 million shares. The stock has moved within a range of $0.0030 – 0.0035 after opening trade at $0.0031.

Pervasip Raises $2.5 Million in Non-Dilutive Capital

As a matter of fact, the company was actually in the news yesterday after it made an announcement with regards to the fact that it had managed to execute key agreements with Active Investment Co LLC and a collection of investors.

As per the provisions of the agreement, the investors are going to provide Pervasip with ZAM to the tune of as much as $2.5 million. More importantly, the financing is non-dilutive in nature and that is something that is certainly going to be a factor in the thinking of most investors when considering the Pervasip stock. In light of the gains made by the stock, it may be a good move to keep an eye on the Pervasip stock this morning and watch out for any further moves.

Key Quote

Neal Mulnick, Active’s President said that “ZAM has been a great partner and tenant since 2016, and we are excited about the opportunity to partner on the development of this historic site. This building has been in our family since the early 1970s. We cannot think of a better group than ZAM to partner with and realize their next phase of development for this asset. Active is a family run investment company focused on West Coast commercial real estate and venture investments, and we look forward to working with the ZAM team on realizing this project.”

Technical Data

PVSP stock is trading above the 20-Day and 50-Day Moving averages of $0.0030 and $0.0030 respectively. However, the stock is trading below the 200-Day moving average of $0.0039.