The cryptocurrency industry has grown at a fairly solid clip over the course of the past few years and there are now many options when it comes to stocks. One of the stocks that you could look into this week is that of BlockQuarry Corp (OTCMKTS:BLQC), which corrected sharply this past Friday and went down by as much as 15% for the day.
Trading Data
On Friday, BLQC stock slumped 14.40% to $1.21 with 233K shares, compared to its average volume of 300K shares. The stock moved within a range of $1.2100 – 1.4500 after opening trade at $1.45.
ISW Holdings Inc. Announces Name and Ticker Symbol Changes to BlockQuarry Corp. (OTC PINK:BLQC)
However, in this context, it ought to be noted that earlier on in the week the stock had actually rallied sharply following a key development. The company, which had earlier been known as ISW Holdings Inc, announced on March 2 that its ticker symbol had finally been changed on the OTC Markets Pink tier market.
The ticker symbol for BlockQuarry was changed to BLQC from ISWH. In this regard, it is perhaps also important to remember that the actual name change had taken place in August last year. The change in the ticker symbol completed the transformation.
The chairman and president of the company, Alonzo Pierce, noted that the new name is a better reflection of the company’s new mission to work in the lucrative cryptocurrency mining industry. It remains to be seen if the stock bounces back today.
Technical Data
BLQC stock is trading above the 20-Day and 50-Day Moving averages of $1.11 and $1.18 respectively. However, the stock is trading below the 200-Day moving average of $1.28.
