Shares of Icon Media Holdings Inc. (OTCMKTS:ICNM) closed higher on unusual volume on Friday.
Trading Data
On Friday, ICNM stock moved up 6.67% to $0.0016 with more than 177.62 million shares, compared to its average Friday of 103.01 million shares. The stock moved within a range of $0.0014 – 0.0017 after opening trade at $0.0015.
Key Details
Nevada diversified global technology company, Icon Media Holdings Inc. (OTCMKTS:ICNM) has announced on March 24, 2022, about executing a binding letter of intent to acquire Eastwin8 Pte Ltd, a Singapore company that specializes in logistic and fintech. Further details are awaited till the acquisition is formally completed.
Eastwin8 is a Singapore-based digital network platform that allows businesses to conduct ecommerce seamlessly, while fully integrating with the logistics network. Business owners can utilize the platform and its features to plan, optimize, and distribute the jobs to the logistics partners via mobile apps.
The platform also makes it convenient to add service partners to the network so that other platform users can access the extended resources via the platform network. If you are a paid subscriber, there are extra functions available on the platform such as Automatic Route Planning, Live Tracking, Private Network and several valued added services.
Once the platform is fully enhanced and deployed, the service partner network is set to expand to cross border logistics, Insurance, Fintech, Marketing, Business Transformation, IT services, Purchasing and Consultancy. Very soon, the acceptance of cryptocurrency payment in certain marketplaces / countries where cryptocurrency or other forms of digital assets are permissible will be implemented as well.
Technical Data
ICNM stock is above the 20-Day and 50-Day Moving averages of $0.0014 and $0.0012 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0010.
