There are a number of stocks that may be tracked by investors at this point in time but it may sometimes be a bit overwhelming to keep track of all the stocks at the same time. One of the stocks that may be looked into by investors this morning is of Bubblr Inc (OTCMKTS:BBLR).
It is an innovative company and there have been certain recent developments as well, which make it a company that may be tracked. This article is going to give you a detailed overview of the nature of the company’s business and also the recent developments which may be of use to investors who may be looking to make an investment decision.
Trading Data
On Thursday, BBLR stock ended flat at $0.20 with 48K shares, compared to its average volume of 22K shares. The stock moved within a range of $0.2000 – 0.2400 after opening trade at $0.2190.
About The Company
The company claims to be an ethical technology company that is involved in the mobile-first technology space. The aim of the company is to provide users with more privacy and build a higher degree of trust in content that is available online. In addition to that, Bubblr is also trying to bring a higher degree of sustainability to the digital marketplaces.
The company has stated on record that it seeks to provide power to developers so that they can join its initiative for the purpose of improving the internet and bringing about the creation of a new Ethical Internet Ecosystem. The company seeks to achieve that through leveraging its own intellectual property in an open source platform with high-tech digital tools.
Bubblr’s ‘Internet-Based Search Mechanism’ Patents Approved in Canada and Australia
Now that you have a fair idea about the nature of the company, it might be a good idea to take a look at the specific development from yesterday that brought Bubblr into the news cycle. The company announced yesterday that its patent application titled ‘INTERNET BASED RESEARCH MECHANISM’ had been accepted in Australia. The acceptance of a patent can often prove to be a major development for any innovative company and the announcement on Thursday may be seen in a positive light by investors. In addition to that, it is important to note a patent of the same name had been granted approval by the relevant agency in Canada back on June 19, 2022. It should also be noted that with the latest development, the company has now received patent approvals in New Zealand, South Africa, Canada, the United States and now Australia.
The Chief Executive Officer of the company Rik Willard spoke about the latest patent approval as well. He noted that it is an indication of the fact that the intellectual property that is being developed by Bubblr is highly validated. In addition to that, it provides a significant boost to the company’s developers, partners, and long-term goals.
Bubblr Founder Takes on New Role as Company Enters Next Stage of Evolution
Back on June 15, 2022, the company made another major announcement that could have a bearing on its long-term strategy. It was announced that its founder Stephen Morris was going to take up the position of Chief Platform Officer and move on from the earlier position of Chief Technology Officer. The move was made so that the founder could take a more direct role in the company’s development work related to the anonymous search patent.
Technical Data
BBLR stock is trading above the 20-Day and 50-Day Moving averages of $0.0883 and $0.0933 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.2072. The company has a total market capitalization of $106.48 million. The stock is down 30% over the past 3-month.
