Axis Technologies Group Inc (OTCMKTS:AXTG) Stock On Watchlist After Recent News

Although the trading week comes to a close today, investors are going to continue to hunt for stocks and there are plenty of options for those who are looking for options. One of the stocks that could be tracked by investors at this point in time is Axis Technologies Group Inc (OTCMKTS:AXTG).

Trading Data     

On Thursday, AXTG stock ended flat at $0.0050 with more than 1.6K shares, compared to a volume of 860K shares. The stock moved within a range of $0.0050 – 0.0052 after opening trade at $0.0052.

About Axis Technologies Group

The company has in fact been in the news in recent times, however, before getting into the latest news it may be a good idea for investors to first get a better idea about the nature of the company as a business. It operates as a holding company and is involved with the marketing, management, development, and promotion of decentralized finance-related aspects of a range of businesses.

Axis Technologies Group goes about its business by way of strategic investments and acquisitions. The company is mainly focused on decentralized finance, financial technology, non-fungible tokens, and metaverse-related projects among others at this point in time.

TiENGOLD Partners with TiENWORLD to Issue World’s First ESG-Compliant Gold NFTs, with “Green Gold” Capability

Yesterday, the company had come into focus among investors after it made a key announcement with regards to TIENWORLD, its fully owned subsidiary company. It was announced that TIENWORLD was going to go into a partnership with TIENGOLD for the purpose of gold mine asset digitization by way of NFTs.

In the announcement that was made yesterday by TIENWORLD, it was announced that by way of this partnership, TIENGOLD is going to help with the digitization of gold assets and there is going to be an initial offering as well. The initial offering is going to consist of trial order of digital gold and it will trigger the actual transaction, which is going to end with the delivery of physical gold.

It goes without saying that it is a project that is significantly ambitious in scope and it is going to be interesting to how it all works out in the long run for TIENWORLD. In this situation, it is also important for investors to figure out how the whole thing is going to benefit TIENWORLD and by extension Axis Technologies Group.

The subsidiary is going to earn fees by way of the minting of TIENGOLD NFTs. In addition to that, the trading of the NFTs is also going to help the company in earning fees. The larger aim of this project is to create a blockchain ecosystem that is compliant with the ESG goals of Axis Technologies Group.

Axis Technologies Group, Inc. (OTC Pink: AXTG) Announces Chief Financial Officer

In this context, it may also be a good idea for investors to note that last month the company had been in the news as well after it announced that it had appointed a new Chief Financial Officer in the form of Richard J Casinelli. He has also been made the principal financial officer of Axis Technologies Group. The announcement was made on June 9, 2022, and the appointment went into effect back on June 8, 2022. At the time the company noted that the new appointment is going to add ‘tremendous value.

Technical Data

AXTG stock is trading below the 20-Day and 50-Day Moving averages of $0.0054 and $0.0074 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0219. The company has a total market capitalization of $1.22 million. The stock is down 82% over the past 6-month.