The rally in the KYN Capital Group (OTCMKTS:KYNC) stock over the course of the past few days has been quite remarkable and the situation remained the same on Monday as the stock soared by another 42%. That took the gains made by the stock over the course of the past week to a staggering 80%.
Trading Data
On Monday, KYNC stock soared 42% to $0.0034 with more than 80.64 million shares, compared to its average volume of 69.48 million shares. The stock moved within a range of $0.0024 – 0.0034 after opening trading at $0.0025.
KYN Capital Group to Release Koinfold™ Debit Card and Pay.How Revenues
Yesterday, the stock came into sharp focus among investors after it announced the launch of the Koinfold Debit Card. However, more importantly, KYN Capital Group also announced that it expected to start with the sign ups at some point in April.
However, that is not all. In addition to that, the company also announced that it was also going to release information with regards to the revenues earned through Pay How in the first quarter. On the other hand, the company also noted that the art work in relation to the card had also been completed and was now waiting for the final production of the cards. The final production of the cards could be completed by next month.
These were all highly exciting announcement and hence, the rally in the stock was perhaps understandable. It could be a good idea to keep an eye on the stock this morning.
Key Quote
“Our ecosystem of technology products are coming together nicely, including our financial structure to meet shareholder confidence,” states Rick Wilson, CEO. “Our onsite and offsite development teams, partners, and particularly, Pay.how, is paving the way for our unique position in the marketplace. As our first quarter of 2022” comes to an end, we have the ultimate confidence that we have found our footing for steady and continued growth for many years to come.”
Technical Data
KYNC stock is trading below the 20-Day and 50-Day Moving averages of $0.0035 and $0.0043 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0098.
