5G is almost upon us and those who may be looking for investment options might consider taking a look at the iQSTEL Inc (OTCMKTS:IQST) stock. As it happens, the stock was in focus among investors yesterday following a key development and ended up with gains of as much as 5% as a consequence.
Trading Data
On Thursday, IQST stock gained 4.95% to $0.53 with 1.43 million shares, compared to its average volume of 1.49 million shares. The stock has moved within a range of $0.4913 – 0.5350 after opening trade at $0.5350.
IQST – iQSTEL On Track And Gaining Momentum Toward Nasdaq Uplisting
Yesterday, the Chief Executive Officer of the company Leandro Iglesias issued a letter in which he charted out some of the updates with regards to the progress made by iQSTEL as it tries to eventually get an uplisting to the NASDAQ in the first half of this year.
In this situation, it may be a good move to take a look into some of the highlights from the letter. The CEO noted that the company had finished 2021 strongly as it ended up generating record breaking revenues. The revenues generated by iQSTEL were in fact higher than what the company had projected.
However, more importantly, the company also managed to meet the shareholder equity requirement that is necessary for a listing on NASDAQ. It now remains to be seen if the stock can manage to hold on to its momentum in the coming days.
Technical Data
IQST stock is trading below the 20-Day and 50-Day Moving averages of $0.60 and $0.59 respectively. Moreover, the stock is below 200-Day moving average of $0.55.
