Technology and software development firm RAADR Inc (OTCMKTS:RDAR) had been one of the major movers in the market on Friday and the stock had ended up with gains of as much as 17% for the day. In light of such gains, it is likely that the stock is going to come into focus among investors today and it may be a good time to take a look at the development from Friday.
Trading Data
On Friday, RDAR stock gained 16.67% to $0.0007 with more than 28.73 million shares, compared to its average volume of 69.11 million shares. The stock moved within a range of $0.0006 – 0.0007 after opening trade at $0.0006.
RAADR, Inc. Fulfills a Primary Obligation to Investors by Completing and Submitting the RAADR Parental 2.0 Monitoring App to the Apple Store and Google Play Store
The company came into sharp focus on Friday after it announced that its RAADR Parental 2.0 Monitoring application had been submitted for approval for both the Google Play Store and the Apple App Store.
Listing on both those stores will be a major boost to the company as the application is going to get access to millions of customers. To that end, the company noted that the review period is brief and may even take a few days. In addition to that, RAADR also noted that it believes that the application is going to be approved unless of course there are any unknown errors in the application.
The company also announced that the application is going to be available for download at some point this month.
Key Quote
Jacob Dimartino, Chairman and Chief Executive Officer of RAADR, Inc., explained, “We have made social media a safer place for children, and we have fulfilled our commitment to shareholders on the same day. This is one of the most important days in our company’s short history. Our internal and external tech development teams worked tirelessly to complete this app and it truly was a team effort. We are expecting a minimum of 100,000 downloads this year, but that number can easily surpass 500,000 as the popularity of the app accelerates. We will be putting out a separate release when the app is available for download on the App Store and Google Play store which should happen within a few days.”
Technical Data
RDAR stock is below the 20-Day and 50-Day Moving averages of $0.0006 and $.0006 respectively. Moreover, the below is trading below the 200-Day moving average of $0.0010.
