If a stock clocks considerable gains on a particular day then it is likely for it to come into major focus on the next trading day and hence, the Zicix Corporation (OTCMKTS:ZICX) stock could be the one to watch today. The stock had come into considerable focus yesterday following a major development and ended up with gains of as much as 56% as a consequence.
Trading Data
On Tuesday, ZICX stock soared 56% to $0.0039 with more than 19.66 million shares traded, compared to its average volume of 326K shares. The stock moved within a range of $0.0033 – 0.0080 after opening trading at $0.0080.
ZICIX to Acquire Controlling Interest of CTIP-FII
Yesterday, it emerged that Zicix had sent out a letter of intent to CTIP Investment Corporation for picking up a controlling stake in the latter. The announcement seemed to have come as a source of considerable optimism for investors and the stock started soaring rapidly.
In this situation, it may be a good move to take a closer look at CTIP Investment Corporation. The company is based out of New Jersey although it is registered in Florida. The company is primarily involved in the fields of project finance as well as project development. At this point in time, CTIP is involved in developing government infrastructures in a range of countries in Latin America and Africa. It will be interesting to see if the Zicix stock can actually manage to add to its gains today.
Key Quote
“It’s about time that ZICIX should establish strategic alliances with operating companies, like CTIP-FII, who are involved in project development.” ZICIX Chairman William Petty announced, “We are particularly interested in working alongside companies that are planning to undertake their infrastructure development through Public-Private-Partnership (PPP).”
Technical Data
ZICX stock is trading above the 20-Day and 50-Day Moving averages of $0.0038 and $0.0039 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0058.
