If a stock moves strongly over the course of a week then it may be a good time for investors to start taking a serious look into it and figure out if there could be more upside. One of the stocks that could well be on the radars of investors this morning could be that of Ubiquitech Software Corp (OTCMKTS:UBQU), which ended up with gains of as much as 100% over the course of the past week.
Can the stock continue on its merry ways over the coming days or is there a correction looming? In order to figure that out, it could be necessary for investors to consider taking a look at the company’s business and then take a look at some of the recent developments.
Trading Data
On Thursday, UBQU stock ended flat at $0.0002 with more than 14.27 million shares, compared to its average volume of 69.01 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trading at $0.0001.
About The Company
The company is looking to become a major player in the hemp-based CBD industry and primarily operates through its subsidiary unit CannazALL.
In this regard, it is also necessary to point out that Ubiquitech Software deploys advanced global digital marketing strategies, affiliate marketing, and metaverse marketing in order to boost its sales. In addition to that, the company also uses search engine optimization, internet content, marketing, television and radio in order to direct internet traffic to the CannazALL.com website.
As it happens, the company was actually in the news yesterday after it made an announcement with regards to the fact that it had managed to acquire its very first metaverse retail property. It was announced yesterday that CannazALL had purchased the metaverse retail property at The Springs of Allison Valley at Colorado Springs in Colorado. The property has been purchased specifically for the unit’s CBD products. In this context, it is perhaps important to point out that the company is going to continue to work towards the acquisition of more such properties at different locations.
In this context, it is important for investors to keep in mind that the Metaverse is regarded as the next big thing as far as the internet is concerned. Some estimates have even suggested that the metaverse could eventually be worth as much as $800 billion.
Hence, it could be said that the move from Ubiquitech Software could well prove to be an important one in the larger scheme of things. The company may enjoy having a first movers’ advantage and that is something that ought to be kept in mind when considering this particular move from Ubiquitech Software.
In a previous press release, Ubiquitech Software had noted that although companies are investing to the tune of billion in the metaverse space, there is a growing opportunity in the augmented reality and virtual space at this point in time. It offers the opportunity for anyone to reach out to a large demographic that it may target for marketing purposes. Investors could consider adding the Ubiquitech Software stock to their watch lists at this point in time in light of the latest gains and also because of the company’s moves.
Technical Data
UBQU stock is trading above the 20-Day and 50-Day Moving averages of $0.0002 and $0.0002 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0002. The company has a total market capitalization of $3K.
