American Premium Waters Corp (OTCMKTS:HIPH) fell 9% after announcing John “JT” Thatch’s appointment as an independent director to its Board of Directors.
Trading Data
On Friday, HIPH stock slid 9.10% to $0.0010 with more than 6.5 million shares traded, compared to volume of 5.4 million shares. The stock moved within a range of $0.0010 – 0.0012 after opening trading at $0.0010.
Recent News
Thatch becomes the fourth independent director of the company. He has a stellar 20-year career as a public markets executive. Currently, Thatch is the Vice Chairman and CEO of Sharing Services Global Corporation (OTCMKTS: SHRG), a firm that develops platforms for gig eco0nomy and direct selling companies. He os also the lead independent DSS Inc. (NYSE: DSS) director.
The company’s CEO, Ryan Fishoff, said that JT’s addition to the Board of Directors of the Company is something exciting. JT has a strong track record of managing and developing firms in the public stock markets. Fishoff said he is excited to collaborate with JT as they keep increasing the company’s base revenue. One of Fishoff’spriorities for 2021 was to engage outside independent directors, and the addition of JT brings independent directors to four. So HIPH is worth watching.
Key Quote
Mr. Thatch commented, “I am pleased to join American Premium Water and working with Mr. Fishoff to assist in achieving the Company’s goals and initiatives which should result in tremendous shareholder value.”
Technical Data
HIPH stock is trading below the 20–Day and 50-Day Moving averages of $0.0012 and $0.0015 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0019.
