The newly established Major League Football Inc (OTCMKTS:MLFB) is actually a listed company and although the company has made many significant announcements in recent times, the stock was in fact in the middle of a strong selloff last Friday. The company saw its stock come under considerable selling pressure and ended the day with a decline of as much as 9%. In this situation, it is going to be necessary for investors to perhaps figure out if the slide is going to continue or if the stock can actually make a recovery.
Trading Data
On Friday, MLFB stock slid 8.87% to $0.0214 with 1.22 million shares, compared to its average volume of 1.93 million shares. The stock moved within a range of $0.0211 – 0.0250 after opening trade at $0.0250.
About The Company
The league is based out of Lakewood Beach in Florida and is listed publicly as a professional league. The company has a unique mission as it seeks to provide a platform from which athletes can gain exposure to scouts in the bigger leagues and eventually make it to the elite National Football League.
Major League Football seeks to provide growth opportunities at a professional level to the football players who are going to be part of the league. In addition to that, it seeks to provide the same opportunities to the coaches, front office personnel, and to the trainers. The original broadcasts of the games that are going to be held in the league are meant for providing the players with the necessary exposure that can help them in gaining the attention of NFL scouts.
Major League Football (MLFB) Announces Mobile as Host for Inaugural Training Camp
This past Friday the company was in the news after it made a key announcement with regards to the new season that is going to begin in August.
The company announced on Friday that it had chosen Mobile in Alabama as the host city for the training camp venue for this season. The training camp is going to be held from July 18, 2022. It was also noted that the training camp in question is going to see the presence of hundreds of football players who are going to be involved with the teams in Major League Football. The training camps in question are going to be headed by the four head coaches of the four different teams in Major League Football.
Key Quote
“MLFB’s core mission is to provide personal and professional growth opportunities for football players, coaches, trainers, and front office personnel,” stated MLFB Senior VP of Football Operations Mike McCarthy.”Today’s announcement of Mobile as MLFB’s initial training camp shows our determination to deliver on this.”
Technical Data
MLFB stock is trading below the 10-Day and 20-Day Moving averages of $0.0224 and $0.0230 respectively. However, the stock is trading above the 200-Day moving average of $0.0199.
