On Tuesday, the Renavotio Inc (OTCMKTS:RIII) stock emerged as one of the notable gainers after it made a major announcement and ended the day with gains of as much as 5%. In this situation, it may be a good idea for investors to take a look at the actual announcement that was made by Renavotio yesterday.
Trading Data
On Tuesday, RIII stock fell 5.26% to $0.0180 with more than 42k shares, compared to its average volume of 356k shares. The stock moved within a range of $0.0180 – 0.0190 after opening trade at $0.0190.
Renavotio, Inc. Announces Filings Status and Shareholder Updates
The company announced yesterday that along with the preparations that it was making for the United States Securities and Exchange Commission filings, it had also started preparing applications in order to reapply to the OTC Bulletin Board.
In addition to that, the company also noted that it had continued to provide the auditors with all the necessary information so that the audit for the fiscal 2020 could be completed. The announcement may have come as a source of reassurance for investors and that was possibly the reason the Renavotio stock spiked on Tuesday.
At this point in time, it may be a good idea for investors to consider adding the stock to their watch lists and keep an eye on the developments on these fronts over the coming days. It will be interesting to see if the stock attracts interest today.
Technical Data
RIII stock is trading below the 20-Day and 50-Day Moving averages of $0.0195 and $0.0244 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0413.
