Shares of Tonner-One World Holdings (OTCMKTS:TONR) closed with string gains on Friday. However, the stock is still down 40% in the past month.
Trading Data
On Friday, TONR stock went up 37.21% to $0.0059 with more than 523.69 million shares traded, compared to its average volume of 158.10 million shares. The stock has moved within a range of $0.0040 – 0.0062 after opening trading at $0.0044.
Announces Acquisition of Ai-Powered Cryptocurrency Investment Management Platform.
Fintech company looking at acquisitions emphasizing on Crypto, Crypto Exchanges and Metaverse assets and businesses, Tonner-One World Holdings (OTCMKTS:TONR) on January 14, 2022, announced the acquisition of Cryptopro, Lithuania based Artificial-Intelligence-powered Cryptocurrency as well as investment management platform serving clients globally.
The 7-month project which turned profitable in December 2021, Cryptopro commenced generating revenue from subscription fees.
Clients follow Ai-powered signals for ensuring optimal portfolio performance. Cryptopro gets revenues through subscription fees, transactions fees, and consultancy from clients globally who harness the platform for building generational wealth through cryptocurrency investments.
Cryptopro has been consistently augmenting its client base as well as revenue generation capabilities. The firm bought 60% control of Cryptopro and its management controls 40% of the company will be continuing to grow and build a business in Lithuania for serving clients from across the world.
Ejike Arinze, TONR’s Chief Executive Officer said that the firm is aggressively seeking opportunities in Crypto, Metaverse, and Web3 projects globally meeting the acquisition criteria. Arinze added that the firm is also reviewing acquisition and merger candidates operating in Fintech, Web3, Metaverse, and Cryptocurrency businesses.
Tonner-One World Holdings, a developmental company, provided multi-cultural doll products to affinity, specialty, and mass merchandise retail marketplace focusing on direct and online sales platforms.
Key Quote
Ejike Arinze, TONR’s Chief Executive Officer, stated “we’re aggressively seeking opportunities in the Crypto, Metaverse industries to invest in hungry entrepreneur and Web3 projects across the globe that meets our investment/acquisition criteria. We’re also actively reviewing merger and acquisition candidates for actions in operating Cryptocurrency, Metaverse, Web3, Defi or Fintec businesses.”
Technical Data
TONR stock is above the 20-Day and 200-Day Moving averages of $0.0056 and $0.0042 respectively. However, the stock is trading below the 50-Day moving average of $0.0074.
