Although the KYN Capital Group (OTCMKTS:KYNC) provided a key update on Thursday, there was not a lot of action in its stock as it traded in a range. However, it may be a good idea for investors to consider taking a look at the update and then make their minds up about the stock one way or another.
Trading Data
On Thursday, KYNC stock went up 3% to $0.0036 with more than 66.46 million shares traded, compared to its average volume of 67.97 million shares. The stock moved within a range of $0.0036 – 0.0041 after opening trading at $0.0038.
KYN Capital Group Pushing the Digital Envelope with Pay.How, AABB Wallet and KoinfoldPay™
The update provided by the company yesterday was with regards to the integrated digital products portfolio. KYN Capital noted that at this point in time its portfolio of digital products consists of KoinfoldPay, the integration of the Wallet from Asia Broadband Inc and Pay How.
In addition to that, the acting Chief Technology Officer of the company Solomon Williams also provided an update with regards to the activities that the company has been involved in. He noted that KYN Capital Group had been successful in completing the beta versions of AABB wallet as well as GUI on to the Pay How app. That was a significant announcement from the company and one that is likely going to be on the minds of investors as well. However, it now remains to be seen if the stock can actually make a move either way.
Key Quote
“As we grow the breadth and depth of Pay.How, we have never been more excited to begin engaging our super-app to meet the various needs of our users both domestically and internationally,” states Solomon Williams, acting CTO of KYN Capital Group.
Technical Data
KYNC stock is trading below the 20-Day and 50-Day Moving averages of $0.00100438 and $0.0053 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0106.
