At this point in time, the PAO Group Inc (OTCMKTS:PAOG) stock is one of the stocks which been in the middle of a significant downward spiral and has recorded a decline of as much as 21% over the past week. In this situation, it may be important for investors to figure out if the selloff is going to continue or if there is going to be a recovery any time soon.
Trading Data
On Tuesday, PAOG stock fell 3.23% to $0.0015 with 13.12 million shares, compared to its average volume of 6.74 million shares. The stock moved within a range of $0.0013 – 0.0017 after opening trade at $0.0015.
PURA and PAOG Plan Joint CBD Nutraceutical Product Line Launch Next Month
As it happens, the company was actually in the news yesterday and it may be instructive to look into it a bit more closely. Yesterday, the company made a joint announcement with Puration Inc with regards to the fact that the two would jointly launch a new CBD Nutraceutical line.
The brand, which is going to be launched in April this year, is going to be produced under the Farmersville Hemp Brand Name, which is owned by Puration. The announcement from the company was a significant one and could lead to considerable boost for the company in the long run. At this point in time, it may be a good move from investors to add the PAO Group stock in their watch lists and watch for green shoots.
Technical Data
PAOG stock is trading below the 20-Day and 50-Day Moving averages of $0.0018 and $0.0021 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0035.
