In the past week, investors have been quite bullish about the Critical Solutions Inc (OTCMKTS:CSLI) stock and that can be gauged from the remarkable rally in the stock. This past Friday the stock was in the middle of a strong rally and ended up with gains of as much as 15% as a consequence.
Trading Data
On Friday, CSLI stock gained 15% to $0.0092 with more than 36.36 million shares, compared to its average volume of 1.61 million shares. The stock moved within a range of $0.0060 – 0.0106 after opening trade at $0.0082.
Critical Solutions, Inc. (OTC: CSLI) Provides 4Q Overview and 2022 Initiatives
That took the cumulative gains in the past month to an impressive 59%. Considering the sheer magnitude of the gains made by the stock, it might be the right time to take a look at the development from back on January 13 this year.
At the time the company announced that the ‘From the Boardroom’ series of videos were going to be continued. However, that was not all. In addition to that, Critical Solutions also provided key updates with regards to its operations and also about its other holding companies.
It seems that the updates that were provided by the Vice President Robert Munck proved to be a significant trigger for the stock. He noted that 2021 had been a year of major progress for Critical Solutions. It is now going to be interesting to see if the stock an actually maintain its momentum and keep adding to its gains this week.
Key Quote
In the video Robert Munck, Vice President, states, “One word explains us and that word is “Progress” for the year-end of 2021. We are proud to report that despite the challenges of Covid, we completed several milestones in 2021 demonstrating determination and steady movement for the building of shareholder value.”
Technical Data
CSLI stock is trading above the 20-Day and 50-Day Moving averages of $0.0066 and $0.0072 respectively. However, the stock is below 200-Day moving average of $0.0103.
