It was a fairly good day yesterday for investors in Alkame Holdings Inc (OTCMKTS:ALKM) as the company’s shares rallied strongly and ended up with gains of as much as 12% as a consequence.
Trading Data
On Thursday, ALKM stock moved up 12.50% to $0.0009 with more than 13.42 million shares, compared to its average volume of 21.71 million shares. The stock moved within a range of $0.0007 – 0.0009 after opening trading at $0.0008.
Alkame Holdings, Inc. Retains PCAOB Auditor Fruci & Associates to Complete 2020 and 2021 Audits
As it happens, the company was in the news on Thursday as well and it could be a good idea for investors to consider taking a look at the development before making up their minds about the stock. Alkame announced yesterday that it had decided to retain the services of Fruci& Associates II PLLC for the purpose of completing an audit of the company’s financial statements for the two fiscal years that had ended on December 31, 2020 and December 31, 2021.
It was an important announcement from the company considering the fact that Alkame also announced that once the audits were completed, it was going to send in an application to for being listed on the OTCQB. Eventually, the company would also become a fully reporting company. The announcement was hence met with a certain degree of optimism by investors and the rally in the stock was perhaps quite understandable. Investors could consider adding the stock to their watch lists at this point.
Technical Data
ALKM stock is trading above the 20-Day and 50-Day Moving averages of $0.0008 and $0.0008 respectively. However, the stock is trading below the 200-Day moving average of $0.0011.
