It is almost always a good idea for investors to have a fairly good idea about innovative companies and one of the companies that could be looked into at this point in time is Lifequest World Corp (OTCMKTS:LQWC).
Trading Data
On Wednesday, LQWC stock ended flat at $0.0370 with 16K shares, compared to its average volume of 33K shares. The stock moved within a range of $0.0350 – 0.0380 after opening trade at $0.0380.
About Lifequest World
The company is involved in a range of industries and offers sewage treatment plants, effluent treatment plants, hybrid media meant for polishing water and fat, and oil and grease separator. In this context, it may be a good idea to note that the company also has a fully owned subsidiary unit named Biopipe India Private Limited, which has managed to create a patented onsite sewage wastewater treatment system. The system in question is not only easy to install, but also available scalable and available at a low cost.
Lifequest World Corp is currently one of the major players in the wastewater treatment system space and it might be a good move for investors to take a keener interest in it amidst rising interest in the sector.
Lifequest’s Wholly Owned Subsidiary Receives First Order for 93,000 Gallons/Day Industrial Wastewater Treatment Plant for a Pharmaceutical Company
As it happens, Lifequest World Corp was in the news on Wednesday after the company made a major new announcement with regards to its subsidiary unit Biopipe. It may now be a good idea for investors to take a closer look at the announcement. Yesterday, it emerged that Biopipe managed to bag its very first order and it is from a pharmaceutical company for the supply of as much as 93000 gallons of water from its industrial wastewater treatment plant.
The receipt of the first-ever order is a major milestone for Biopipe and by extension for Lifequest World Corp as well. It will be interesting to see if the latest development leads to any strong move in the company’s stock over the course of the coming days or not. At the end of the day, if all goes well then Biopipe may receive more such orders in the near future and that is the reason why there may be a degree of excitement among investors regarding the development.
In this context, it may be a good idea for investors to take a look at what the Chief Executive Officer of BiopipeTanmayPawale had to say yesterday. He noted that over the course of the past year, Biopine had made considerable efforts in order to set up a foothold at the industrial wastewater treatment space in India.
He went on to note that everyone at the company was excited at the fact that it had managed to secure its very first order from a reputable company in the pharmaceutical sector. It should be noted that the process that is being used by Biopipe for wastewater treatment is Abrimix ETP and it has proven to be an effective method thus far. The fact that the company managed to bag this order is perhaps an indication of the effectiveness of the method. At this point, it may be a good idea for investors to perhaps add the Lifequest World Corp stock to their watch lists.
Key Quote
Tanmay Pawale, the CEO of Biopipe India Private Limited, stated, “For the past one year we have been working to establish a foothold in the industrial wastewater treatment market in India and are excited to have secured our first order from a highly reputable pharmaceutical company. The Abrimix ETP is a proven solution and getting the first plant operating will be a major milestone. We have developed a strong sales funnel and with our skid-mounted pilot plant expected to be ready soon, we will be able to prove the efficacy of Abrimix ETP in various industries, and especially for the most difficult to treat water. Zero liquid discharge is a rapidly growing approach were all, or most, of the water is recovered and reused, thereby minimizing effluent discharge. We expect to deliver and commission this plant within the next five months.”
Technical Data
LQWC stock is trading above the 20-Day and 50-Day Moving averages of $0.0339 and $0.0360 respectively. However, the stock is trading below the 200-Day moving average of $0.0548. The company has a total market capitalization of $2.22 million. The stock is down 14% over the past 3-month.
