If you are looking into stocks which may have made significant gains on Thursday then it could be a good idea to consider taking a look at the Axis Technologies Group Inc (OTCMKTS:AXTG) stock.
Trading Data
On Thursday, AXTG stock soared 14.46% to $0.0190 with more than 3 million shares traded, compared to volume of 1 million shares. The stock moved within a range of $0.0155 – 0.0190 after opening trading at $0.0155.
Axis Technologies Group, Inc (OTC: AXTG) signed MOU with Big Sun Group Limited, one of Taiwan largest solar panel manufacturer and solar plant management group to digitization of REC
The company came into major focus after it made a major announcement and saw its stock soar by as much as 15% for the day. The company announced that it had been successful in digitizing carbon credits by way of its AXTG ETHFUND platform. In this regard, it ought to be noted that the NFT Solar REC from BigSun is going to be used for the purpose of turning Renewable Energy Certificates into ERC20 tokens as well as non-fungible tokens on Axis Technologies Group.
It was a major new announcement from the company and in this record it ought to be noted that the wrapping protocol involved with the creation of the tokens had been developed by Axis Technologies. Considering the sort of gains that had been made by the stock on Thursday, it may now be a good time for investors to consider adding the stock to their watch lists and keep an eye on the price action.
Key Quote
Summer Luo, Chairman. of Big Sun Group Limited says: “This will be a latest strategic partnership to enable digitization of REC digital assets in Taiwan and trade carbon credit globally partnering with Axis Technologies Group, Inc. Wrapping, the digital assets directly owned by the Solar power plants”.
Technical Data
AXTG stock is trading below the 50-Day and 200-Day Moving averages of $0.0229 and $0.0340 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.0186.
