The BioPower Operations Corporation (OTCMKTS:BOPO) stock has performed quite strongly in the past few days and it continued to do the same yesterday as it ended the day with gains of 3%. The rally took the gains made by the stock over the course of the past few days to as much as 7%.
Trading Data
On Tuesday, BOPO stock gained 2.33% to $0.4405 with 14K shares, compared to its average volume of 94k shares. The stock moved within a range of $0.4013 – 0.4500 after opening trade at $0.43.
Recent News
As a matter of fact, the company was in the news yesterday after it announced that its Chief Executive Officer Troy MacDonald had been invited to make a presentation at a key industry event. The event in question is the Emerging Growth Conference that is going to be held later on this month on March 16.
At the event, MacDonald is going to be involved in a presentation for HYFI, a financial technology company involved in decentralised finance. The presentation at such an event from the CEO of the company can always be a big boost for any company and it seems that investors were quite optimistic after the news emerged yesterday. At this point in time, it may be a good move from investors to consider adding the BioPower Operations stock to their watch lists and watch for further moves.
Technical Data
BOPO stock is trading above the 50-Day and 200-Day Moving averages of $0.44 and $0.28 respectively. However, the stock is trading below the 20-Day moving average of $0.54.
