On Thursday, the PlantX Life Inc (OTCMKTS:PLTXF) stock was trading within a range but in this context, it ought to be noted that stocks which trade within a range can also break out strongly eventually.
Trading Data
On Thursday, PLTXF stock gained 1.61% to $0.1326 with more than 96k shares, compared to its average volume of 188k shares. The stock moved within a range of $0.1250 – 0.1460 after opening trade at $0.1460.
PlantX Launches XFitness, the XVIP Membership Program and Provides Corporate Update
Hence, it could be a good move for investors to consider taking a closer look at the announcement made by the company yesterday. The company announced yesterday that it had launched its online fitness service known as XFitness. It marked a major new milestone for the company but did not lead to any significant move in the company’s stock.
The new service is going to offer a wide range of on demand and live fitness classes from professional fitness instructors. Those who are subscribed to XVIP, the recently launched membership programme from the company, are going to get access to XFitness straightaway. The members are going to get access to all the different offerings from XFitness.
While it is true that online fitness options are now quite popular and is an increasingly growing niche, it appears that investors are still trying to figure out if XFitness is going to be a success or not. At this point in time, it may be a good idea to keep an eye on the whole thing.
Key Quote
“We have created PlantX to be a plant-based lifestyle brand and our vision aims to enrich people’s lives not just through plant-based education, but also by promoting general health, fitness and wellness,” said PlantX Founder, Sean Dollinger. “The XFitness vertical is a crucial component of this vision, as it helps our community gain access to fun and interactive fitness classes, connect with like-minded individuals and learn how to create an integrated plant-based routine to enhance their overall health and wellbeing.”
Technical Data
PLTXF stock is trading below the 50-Day and 200-Day Moving averages of $0.1360 and $0.15 respectively. However, the stock is trading above the 20-Day moving average of $0.29.
