It was a good week in the markets last week for investors in Providence Film Group (OTCMKTS:PSRU) as the company’s stock came into significant focus and ended up clocking gains of as much as 17% as a consequence. It is likely that the stock is going to get attention this week as well and hence, it may be good time to take a look at the developments from last Thursday.
Trading Data
On Friday, PSRU stock moved up 1.82% to $0.0014 with more than 1.55 million shares, compared to its average volume of 8.53 million shares. The stock moved within a range of $0.0013 – 0.0015 after opening trade at $0.0014.
Key Updates
The company announced at the time that it had hired a number of celebrity music producers and executive producers for its show ‘Ambush Karaoke’. The show in question is a first of its kind artist experience competition and the announcement resulted in considerable excitement among investors.
It ought to be noted that the pilot episode of the show is going to be based on classic songs from the 1990s and 1980s. The pilot show had actually been shot back on April 30 and at this point in time, it is in post-production.
Some of the executive producers of the show are such famous names like Xavier Mitchell, Paula Abdul and Ron Desay among others. It might be a good time to start tracking the Providence Film Group stock.
Technical Data
PSRU stock is below the 20-Day and 50-Day Moving averages of $0.0014 and $0.0016 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0030.
