Following a major announcement yesterday, the OPTEC International Inc (OTCMKTS:OPTI) stock was on the move and ended the day the gains of as much as 5% as a consequence. In this situation, it may be a good move from investors to consider taking a look at the actual announcement from the company.
Trading Data
On Monday, OPTI stock gained 4.40% to $0.0047 with more than 13.02 million shares, compared to its average volume of 24.70 million shares. The stock moved within a range of $0.0044 – 0.0050 after opening trade at $0.0047.
OPTEC International Inc Announces Significant 28% Single Asset Increase of $700,000 In less than Nine Months
The company announced yesterday that the value of the Investment Property Asset that it had acquired around nine months ago had gone up by as much as 28%. That was a significant announcement from the company and it was perhaps no surprise that the stock rallied strongly.
At this point in time, it may be a good idea for investors to keep an eye on the OPTEC International stock and see if it can actually add to its gains over the coming days. Other than the rise in the valuation of the asset mentioned above, OPTEC also announced that its residential property portfolio also clocked a rise in value to the tune of as much as 28% over the past nine months. That worked out to a rise of as much as $700,000. The company also noted that the property values in the location are on the rise.
Technical Data
OPTI stock is trading below the 20-Day and 50-Day Moving averages of $0.0066 and $0.0080 respectively. However, the stock is trading below the 200-Day moving average of $0.0310.
