Anyone who is on the lookout for a stock which may have clocked significant gains over the course of the past week could do well to take a look at the Clean Vision Corporation (OTCMKTS:CLNV) stock. Over the course of the past week, investors have piled on to the stock in a big way and ended up with gains of as much as 125%.
On Wednesday, CLNV stock slid 2.11% to $0.0651 with more than 31.09 million shares, compared to its average volume of 1.64 million shares. The stock moved within a range of $0.0553 – 0.0865 after opening trade at $0.0670.
Clean Vision’s Clean-Seas India Signs Definitive Agreement with CSIR / IICT; Opens R&D Facility to Support the Project
In light of such enormous gains, it may be a good idea from investors to take a look at the announcement made by the company yesterday. Clean Vision announced that its fully owned subsidiary company Clean Seas India had managed to sign a definitive agreement Indian Instituted of Chemical Technology and Council of Scientific and Industrial Research.
As per the provisions of the agreement, the company’s subsidiary is going to be involved in joint projects which are going to be centred on fuel cell technologies, waste plastic to energy pyrolysis and hydrogen reformation.
All the work in relation to the projects are going to take place at the newly built research and development facility in Hyderabad, India that belongs to Clean Seas India. It remains to be seen if the stock can continue to add to its gains over the rest of the week.
“Converting LOI’s or MOU’s into binding contracts are fundamental to the success of our business, and are the result of good planning, teamwork and execution,” said Dan Bates, Clean Vision CEO.
CLNV stock is above the 20-Day and 50-Day Moving averages of $0.0383 and $0.0313 respectively. The stock is trading in the oversold zone with the RSI at 84.