Why Is Bubblr Inc (OTCMKTS:BBLR) stock Gains 10% In a Month?

Anyone who is currently looking into stocks that may have made reasonable gains over the course of the past weeks may consider having a closer look into the Bubblr Inc (OTCMKTS:BBLR) stock. The stock has come on to the radars of investors over the course of the past month and during that period it has clocked gains of as much as 10%. It may be time to study the company a bit more and then figure out if the stock has long-term steam or not.

Trading Data

On Wednesday, BBLR stock moved down 1% to $0.2950 with 11K shares, compared to its average volume of 22K shares. The stock moved within a range of $0.2313 – 0.2978 after opening trade at $0.2450.

About The Company

Bubblr Inc claims to be an ethical technology operation that is involved in mobile-first technologies and seeks to provide users with privacy, trustworthy online content, and digital marketplace sustainability. Bubblr claims that it wants to provide developers with the empowerment that may go a long way in improving the current internet and help in the creation of an Ethical Internet Ecosystem.

The company seeks to achieve that through the use of its intellectual property that could be provided through its own open source platform and advanced digital tools.

Bubblr Founder Takes on New Role as Company Enters Next Stage of Evolution

The company was in the news yesterday after it made a major announcement with regards to Stephen Morris, its founder. The company announced that Morris was going to move on from his position as the Chief Technology Officer and take up the role of the Chief Platform Officer. It was a significant move considering the fact that in his new position, the founder of the company is going to be involved directly in the development of the in-house anonymous search patent that Bubblr has been working on.

The company had been founded by Morris back in 2015 with the view of handing back privacy to internet users and also for decentralizing profits in an online environment. Rik Willard, the Chief Executive Officer of the company, noted that owing to the vision and achievements of Morris, it was an appointment that made a lot of sense. He went on to add that the in-house patent is a part of the company’s strategy and Morris was going to be involved in the work in a far more direct fashion.

Key Quote

Bubblr’s Chief Executive Officer, Rik Willard, said, “Steve’s leadership and achievements as our company founder, his vision and early adoption of the concepts of online privacy and equality, have brought Bubblr to a place where we are poised for real growth. Our pivot to a more open development ecosystem mirrors this spirit while expanding our vision to create a more comprehensive launchpad for what I call Web.E; the Ethical Web.”

Technical Data

BBLR stock is trading below the 20-Day and 50-Day Moving averages of $0.29 and $0.32 respectively. Moreover, the stock is trading below the 100-Day moving average of $1.21.