If you are looking into stocks which made significant gains on Monday then it might be a good time to look into the Sharing Economy International Inc (OTCMKTS:SEII) stock a bit more closely.
Trading Data
On Monday, SEII stock gained 20.40% to $0.0650 with more than 1.41 million shares traded, compared to its average Monday of 902K shares. The stock moved within a range of $0.0455 – 0.0672 after opening trading at $0.0580.
Sharing Economy International in joint venture with naked-eye 3D high-tech company Su Xin Rui Shi to lay out the underlying architecture of Metaverse technology
The company saw its stock soar by as much as 20% after it made a major announcement with regards to 3D Discovery Co, its fully owned subsidiary unit. It was announced that 3D Discovery had gone into a strategic partnership with the company Suzhou Su Xin Rui Shi Technology Co Ltd. As per the terms of the agreement between the two parties, they are going to work on the global expansion of the naked eye 3D ecosystem.
In addition to that, the two companies will also work on chain businesses related to industries and also work on the Metaverse for the purposes of the hardware support ecosystem. The development and optimisation of the metaverse experience is going to be one of the top priorities of the joint effort. It goes without saying that it was a major new development and it was recognised as such by investors as well. It may be a good time to keep an eye on the Sharing Economy stock.
Technical Data
SEII stock is trading above the 20-Day and 50-Day Moving averages of $0.0312 and $0.0141 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0165.
