The early stage cannabis firm Hero Technologies (OTCMKTS:HENC) has emerged as a point of focus for many investors in recent days and over the course of the past week, it has managed to clock gains of as much as 30%.
Trading Data
On Tuesday, HENC stock moved up 2.33% to $0.0614 with more than 45k shares, compared to its average volume of 123K shares. The stock moved within a range of $0.0501 – 0.0620 after opening trade at $0.0620.
Hero Technologies Applies for OTCQB Market Status for Its Common Stock; Expects to Engage New Groups for Investor Relations and Company Awareness
In light of such handsome gains, it may be a good idea for investors to consider taking a closer look at the company and figure out if the stock is going to deliver more gains or not. As it happens, the company was actually in the news on Tuesday after it made an announcement with regards to the fact that it had sent in an application to the OTC Markets Group for listing its common shares on the OTCQB Marketplace.
If it does get listed on the OTCQB Marketplace then it would be a significant milestone for Hero Technologies. The OTCQB Marketplace is the middle tier of the over the counter market and is far less speculative in nature than the Pink Sheets market. Hence, a listing on that market is possibly going to make the stock more reliable and less prone to speculation. It now remains to be seen if the stock can manage to add to its gains in the coming days.
Key Quote
“As we continue reporting on the progress of our company and engage in marketing and stock awareness campaigns, it is essential that our shareholders and other investors understand that we are committed to sharing information transparently,” said Hero Technologies’ CEO, Gina Serkasevich. “We fully embrace our obligation as a public company to provide accurate, timely disclosures of any information that could affect the trading market for our common stock.”
Technical Data
HENC stock is below 20-Day and 50-Day Moving averages of $0.0537 and $0.0505 respectively. However, the stock is trading above the 200-Day moving average of $0.0652.
