ZA Group Inc (OTCMKTS:ZAAG) is an innovative firm which is focussed on making acquisitions in the emerging industries and in recent times the stock has performed fairly well. Yesterday the stock was in the middle of a strong rally and ended up with gains of as much as 50%. That took the gains made by the stock over the course of the past week to as much as 100%.
Trading Data
On Monday, ZAAG stock soared 50% to $0.0006 with 369.66 million shares, compared to its average volume of 123.96 million shares. The stock moved within a range of $0.0004 – 0.0007 after opening trade at $0.0005.
ZA Group, Inc. (ZAAG), Orders its First Vertical Farm with E-Roots System, Inc. and Anticipates to Generate Revenue within Summer 2022
There was no news about the company yesterday but last week on March 16 the company announced that it had actually placed an order for its very first vertical farm the company E-Root Systems Inc.
In this regard, it is perhaps also important to point out that E-Root Systems is a company in which ZA Group had recently picked up a 60% stake. It was a major development for the company considering the fact that it constituted the very first self-sustaining vertical farm.
The rally in the stock has been quite staggering in recent days and it is quite likely that the stock is going to come into considerable focus among investors in the coming days. It may now be a good move to add the stock to your watch lists and keep a watch on the news.
Technical Data
ZAAG stock is trading below the 20-Day and 50-Day Moving averages of $0.0005 and $0.0007 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0071.
