This morning it is quite likely that the R-Three Technologies (OTCMKTS:RRRT) stock may come into focus among many investors and it may be a good idea to take a closer look into the company. In order to have a better idea about R Three Technologies, investors would need to take a look at some of the latest developments with regard to the company. That being said, prior to that, it may be a better move to first get an idea about the company and its operations.
Trading Data
On Wednesday, RRRT stock ended flat at $0.27 with more than 8.5K shares traded, compared to a volume of 18K shares. The stock moved within a range of $0.2525 – 0.2700 after opening trading at $0.2525.
About The Company
R-Three Technologies is still at a development stage. The company boasts of management which is focused on success by way of investment in ventures that it believes could have significant potential for growth. At this point in time R Three Technologies is involved in opportunities in the blockchain technology and financial technology spaces. However, that is not all. In addition to that, it continues to look into opportunities that may have the potential for growth and expansion in the future.
R-Three Technologies, Inc. (OTC:RRRT) Appoints Entrepreneur, Fintech Expert, and Social Advocate Extraordinaire Karla Ballard
Yesterday, the company was in the news after it announced that it had appointed a new Chief Executive Officer in the form of Karla Ballard. The appointment of a new CEO is almost always a major development for any company and hence, it is likely that R Three Technologies may gain some attention from investors over the rest of the trading week.
More importantly, it is perhaps important for investors to keep in mind Ballard is a fintech expert, entrepreneur, and noted social advocate. In the press release, R Three Technologies noted that the appointment had been made at a time when the fintech industry has been experiencing a major shift.
In this context, it may be a good idea to keep in mind that Ballard has managed to make a success of her own business YING, which is a peer-to-peer skill-sharing platform that supports the fast-growing gig economy. Ballard is an executive who has worked in a wide range of industries starting from social media to fintech and from venture capital to start-up solutions among others. However, that is not all.
In her work in the venture capital industry, she has specifically worked for raising capital for black, indigenous, and Latino entrepreneurs. At the same time, R Three Technologies also stated that investors should be on the lookout for more announcements that are going to be made by the company in the coming days with regard to the significance of this appointment.
R-Three Technologies Inc. Announces Acquisition of US-owned Societe Crane & Associates
Earlier on in the year on March 29, 2022, the company made another significant announcement. It announced that it had managed to tie up an agreement with regards to the acquisition of the company Societe Crane & Associates, which could help in bringing much more international revenues into its coffers and also lead to more profits in its portfolio. At this point in time, it may be a good move for investors to keep the R Three Technologies stock on their watch lists.
Technical Data
RRRT stock is trading above the 20-Day and 50-Day Moving averages of $0.27 and $0.27 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.32. The company has a total market capitalization of $19.17 million. The stock is up 3% over the past month.
