The holding corporation Global Technologies Ltd (OTCMKTS:GTLL) saw its stock trading within a range on Tuesday but at the same time it ought to be noted that there was important news with regards to the company as well. The company operates through a range of subsidiaries and is primarily involved in selling CBD and hemp related product online.
Trading Data
On Tuesday, GTLL stock ended flat at $0.0016 with more than 32.96 million shares, compared to its average volume of 101.15 million shares. The stock moved within a range of $0.0016 – 0.0018 after opening trade at $0.0016.
Major Details
Yesterday, Global Technologies was in the news after it provided key updates with regards to the innovative proactive hydrogen production management software solution that had been developed by Tersus Power. The software solution is being developed by Tersus Power in collaboration with the company BB2 Labs.
The update was a significant one from Global Technologies but it did not lead to any significant attention for the stock on Tuesday. However, it ought to be noted that if the project moves forward swiftly then Global Technologies might come into the focus of investors in a big way in the near term.
Hence, it may be a good idea for investors to consider tracking the development a bit more closely in the coming weeks with regards to this Tersus Power project. It remains to be seen if the stock moves over the coming days or not.
Key Quote
Sam Balooch, Chief Information Officer of Tersus Power, stated, “The Tersus Power hydrogen generation station is ground-breaking technology. BB2 Labs, partnering with Tersus Power, is poised to turn the completed design of the analytics package into reality.”
Technical Data
GTLL stock is below the 50-Day and 200-Day Moving averages of $0.0018 and $0.0020 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.0027.
