Oil and gas exploration and development firm Foothills Exploration (OTCMKTS:FTXP) was in sharp focus yesterday after it made an announcement with regards to joint venture that it established with Perspectum Drone Inspection Services Ltd.
Trading Data
On Monday, FTXP stock soared 50% to $0.0003 with 72.96 million shares, compared to its average volume of 108.33 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.
Key Details
The announcement came as a source of considerable excitement for investors as well and the Foothills stock ended the day with gains of as much as 51% amidst heavy interest. At this point, it could be a good idea to take a look at the actual update that was provided by Foothills. The company started off by noting that exploration of natural hydrogen is something that is gaining currency worldwide and that is mainly to do with the higher demand for hydrogen that is devoid of carbon and doesn’t cost much.
In this context, it was announced by Foothills that it was looking to find a way to market the drone reconnaissance services from its joint venture with Perspectum Drone. The drone reconnaissance services are meant for the delineation of lands and could be of considerable help for those who may be working on hydrogen exploration at this point. It may be a good move to add the Foothills stock to your watch lists at this point.
Key Quote
“We are very pleased with our progress to date pertaining to the development of our purpose-built UAV platform,” said Ty Pfeifer, President of HHe “With the accelerated demand for our services, we continue to evaluate innovative technologies, which will keep us at the forefront of hydrogen and helium detection” continued Pfeifer. “In addition to our ongoing assessment of new sensor technologies, we also understand the requirement for more sophisticated UAVs and have an ongoing collaboration with one of Canada’s most advanced technical institutes in regards to this matter,” ended Pfeifer.
Technical Data
FTXP stock is below the 50-Day and 200-Day Moving averages of $0.0003 and $0.0004 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0009.
