Mitesco Inc (OTCMKTS:MITI) Stock Falls 12% In a Week: Company Appoints Vice President of HR

Leading wellness clinics operating company Mitesco Inc (OTCMKTS:MITI) has seen its stock take a bit of a beating over the course of the past week and during that period, it has declined by as much as 12%.

Trading Data

On Tuesday, MITI stock moved up 1.86% to $0.1449 with more than 155k shares, compared to its average volume of 290k shares. The stock moved within a range of $0.1400 – 0.1497 after opening trade at $0.14.

Mitesco Appoints Jessica Finnegan to Vice President of Human Resources

In light of the decline suffered by the stock, it may be a good time for investors to figure out if it could actually be an opportunity to get into the stock. As a matter of fact, the company was actually in the news yesterday after it announced that it had appointed Jessica Finnegan as the new Vice President of Human Resources.

It goes without saying that the announcement was a significant one for the company but it did not lead to any excitement for the stock among investors. Prior to being appointed in the role by Mitesco, Finnegan had been the Vice President of People and Human Resources Officer at the company MKS2 Technologies.

It is a technology company based out of Texas and works with both enterprises as well as the Federal Government. It remains to be seen how Finnegan’s wealth of experience boosts Mitesco in the coming months. It might be a good move to keep an eye on the Mitesco stock.

Key Quote

“We are excited to have Jessica join our team,” said Larry Diamond, Mitesco’s CEO. “She has two decades of experience as a military veteran and senior executive global Human Resource leader with confirmed success in delivering complex, multimillion-dollar HR programs. With her strong background in growth situations and proven leadership abilities, we expect her to recruit, train and provide leadership training across our entire organization, including within the community of healthcare professionals for our Good Clinic operations.”

Technical Data   

MITI stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.17 Moreover. However, the stock is trading below the 200-Day moving average of $0.23.