The past week has been quite a ride for investors in Xcelerate Inc (OTCMKTS:XCRT) as the company’s stock managed to clock gains of as much as 20% over the period.
Trading Data
On Tuesday, XCRT stock moved down 0.43% to $0.0697 with 88k share, compared to its average volume of 255k shares. The stock moved within a range of $0.0600 – 0.0699 after opening trade at $0.0655.
Fran White to Join the Advisory Board of Xcelerate, Inc.
As it happens, the company was actually in the news yesterday after it made a major announcement and it remains to be seen if that leads to further interest in the stock or not. Xcelerate announced yesterday that its invitation to Fran White for joining the advisory board had been accepted. It was further noted that White was going to become a member of the company’s board immediately.
The latest addition to the advisory board could prove to be a significant one for Xcelerate considering the fact that Fran White is a highly experienced and accomplished executive.
She had been the founder of the company MDC Associates more than three decades ago. It is a company that is involved in managing the regulatory affairs in the biotech and medical devices industries. She has also worked with some of the biggest names from those industries who signed up as clients of MDC. It may be a good time to keep an eye on the Xcelerate stock.
Key Quote
“Fran brings another invaluable skill set to our Advisory Board,” said Michael O’Shea, Xcelerate’s CEO. “Fran has more than 40 years’ experience providing companies and investors with insight to the technical and financial potential of new and existing products and technologies. This assistance will be a great enhancement to our soon to be filed series of patents developed by Dr. Anja Glisovic. Fran also has extensive experience in recognizing and getting product to market in third world countries.”
Technical Data
XCRT stock is trading below the 50-Day and 200-Day Moving averages of $0.0705 and $0.0804 respectively. However, the stock is trading above the 200-Day moving average of $0.0651.
