The Ozop Energy Solutions (OTCMKTS:OZSC) stock was in sharp focus among investors yesterday after it made a key announcement and ended the day with gains of as much as 7%. The company announced yesterday that its subsidiary company EV Insurance Company Inc had been awarded a Conditional Certificate of Authority.
Trading Data
On Monday, OZSC stock surged 7.14% to $0.0300 with more than 16.36 million shares, compared to its average volume of 33.22 million shares. The stock has moved within a range of $0.0292 – 0.0319 after opening trade at $0.0295.
Ozop Energy Solutions Receives Department of Insurance Approval
By way of this certificate , the company will now be able to function as an insurance firm in the Delaware Department of Insurance. The permission went into effect back on January 4, 2021 and it goes without saying that it marks a major development for the EV Insurance Company.
By extension, it is a major piece of news for Ozop Energy Solutions as well and the rally in the stock on Monday was perhaps not a surprise. However, it should be noted that the certificate is going to become active once Ozop Plus manages to meet some of the accounting standards that have been specified by the relevant authorities.
At this point in time, it may be a good move to add the Ozop stock to your watch lists and then see if the stock can manage to hold on to its momentum this week.
Key Quote
Brian Conway, CEO of OZOP Energy Solutions, Inc. stated “This is the next step in being able to sell VSC’s. We are very excited to be on the cusp of being able to bring the product to market. We believe that our VSC will be one of the first true products that give peace of mind to an EV owner regarding the cost of EV battery repairs and replacement, range anxiety, environmental responsibilities, roadside assistance, and the accelerated wear on additional components that EV vehicles experience. These are a few of the items that will provide additional comfort and confidence in purchase of an EV”.
Technical Data
OZSC stock is trading below the 20-Day and 50-Day Moving averages of $0.0315 and $0.0373 respectively. However, the stock is trading below the 200-Day moving average of $0.0579. The stock is down 4% in the past 3-month.
