Stocks often trade in a range when there is not much action but at the same time it ought to be noted that if there is any news then investors perhaps need to take note.
Trading Data
On Monday, ECEZ stock ended flat at $0.0002 with 205.09 million shares, compared to its average volume of 204.89 million shares. The stock has moved within a range of $0.0001 – 0.0003 after opening trade at $0.0003.
Ecosciences Inc. Discusses Current Ecommerce Business
The Ecosciences Inc (OTCMKTS:ECEZ) stock was trading within a range but at the same time investors need to note that on Monday the company had a discussion with regards to its ecommerce business as well as the plans in place to bring about growth. Ecosciences listed a range of ecommerce sites on which its product ECONOW Oxy-Tabs are being sold. It includes some of the more prominent names in the industry like Walmart, Amazon and eBay among others.
Ecosciences noted in its discussion that while it was proud at the number of capable ecommerce partners it has already roped in, the company was looking to executive a major marketing plan so that the sales of the ECONOW Oxy-Tabs product could be grown significantly on those platforms.
It was a major announcement from the company but it did not get much traction from investors and the Ecosciences stock remained in a range. It is now going to be interesting to see if there is any movement in the stock any time soon.
Key Quote
Joel Falitz, CEO of Ecosciences, comments: “We believe in our products and have customers that use them regularly, giving us a base that I feel we can build on significantly. Although our sales are small currently, we have recently started planning and testing some online marketing campaigns to take advantage of the large opportunity we feel we have. Our initial test results have been encouraging enough to move to the next phase of planning, test marketing and execution. Once we have completed that testing, we plan to fully launch several different campaigns that we believe will increase awareness and subsequently sales. It is difficult to predict and forecast our sales growth rates or anticipated revenue at this time, but we are hopeful that if we execute our plan, with creativity, consistent investment and hard work, we should achieve growth and success. We look forward to discussing our ecommerce business with our shareholders as plans progress.”
Technical Data
ECEZ stock is trading below the 20-Day and 50-Day Moving averages of $0.0002 and $0.0002 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0003.
