Two Hands Corporation (OTCMKTS:TWOH) Stock Consolidates After The Recent Move

While it is true that there was not a lot of action in the Two Hands Corporation (OTCMKTS:TWOH) stock on Wednesday, it cannot be denied that the company did make an announcement that investors could do well to look into.

Trading Data

On Tuesday, TWOH stock ended flat at $0.0007 with more than 73.8 million shares, compared to its average volume of 105.18 million shares. The stock has moved within a range of $0.0006 – 0.0008 after opening trade at $0.0007.

Two Hands Corporation Files Amended and Restated Prospectus for CSE Listing

The company announced yesterday that on January 25, 2022 it had submitted an Amended and Restated Prospectus to the Ontario Securities Commission. Despite the announcement, it did not lead to any move in the Two Hands stock either way, and the stock remained within a range on Wednesday.

In this context, it may be a good idea to take a look at what the Chief Executive Officer of the company NadavElituv had to say. Elituv stated that in recent times Two Hands had been working diligently towards growing the business and had wanted to be listed on the CSE.

He went on to state that while the company was currently engaged in answering the questions that are being posed by the regulators, Two Hands has managed to grow its business significantly. In the fiscal year of 2021, the company managed to take its sales figure past the $1 million mark.

Key Quote

Nadav Elituv CEO stated: “The company has been working hard at growing the business in conjunction with becoming a listed security on the CSE.  As we continue to answer the comments from the regulators, the business has now surpassed $1 million dollars Canadian in sale for 2021.

Technical Data

TWOH stock is trading below the 20-Day and 50-Day Moving averages of $0.0008 and $0.0012 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0022.