Digital payment provider, blockchain innovator and NFT firm CurrencyWorks Inc (OTCMKTS:CWRK) has seen its stock make a strong move in recent days and the trend continued yesterday as the stock ended the day with gains of 4%. The rally in the stock on Monday took the gains made over the course of the past week to as much as 12%.
Trading Data
On Monday, CWRK stock moved up 4.04% to $0.1750 with more than 215k shares, compared to its average volume of 275K shares. The stock moved within a range of $0.1554 – 0.1750 after opening trade at $0.1728.
CurrencyWorks Announces US$350,000 Registered Direct Offering
Yesterday, the stock rallied after CurrencyWorks announced that it had inked a securities purchase agreement with the firm AquamPomisCitrum Capital Inc. In this situation, it may be a good idea for investors to take a closer look at the details of the agreement.
As per the provisions of the agreement, Aquam Capital agreed to pick up as many as 2592592 shares of the company’s common stock and warrants to purchase as many units of the common stock as part of a registered direct offering. The price of one common share and on warrant combined has been set at $0.135 a unit.
The news came as a source of considerable encouragement for investors and the stock rallied strongly yesterday. It will be interesting to see if the CurrencyWorks stock can actually manage to extend its gains in the coming days.
Technical Data
CWRK stock is below the 20-Day and 50-Day Moving averages of $0.20 and $0.24 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.52.
