In the past week, there has been a lot of interest in the CarbonMeta Technologies Inc (OTCMKTS:COWI) stock among investors and that can gauged from the gains of as much as 33% that it clocked during the period. Considering the magnitude of the gains, it may be a good time to perhaps look into the company a bit more closely.
Trading Data
On Friday, COWI stock ended flat at $0.0004 with more than 22.10 million shares, compared to its average volume of 79.66 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trading at $0.0003.
Recent News
Last week, the company had come into focus back on March 1 after it announced that it had decided to hire the services of JH Darbie& Co for the purpose of providing investment banking services. It was a significant announcement from the company and it seems that the development was welcomed wholeheartedly by investors as well.
The company announced that it had decided to hire the services of CarbonMeta since the company has a track record of providing capital market services to midcap and small cap companies. In addition to that, JH Darbie is also known for having a lot of experience in dealing with private as well as institutional investors. The development could help the company in drawing fresh big ticket investments and that is possibly the main reason behind the bullish move in the stock over the past week.
Technical Data
COWI stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. However, the stock is trading below the 200-Day moving average of $0.0008.
