There were a number of stocks which had ended up as the highlights of midweek trading and before the beginning of Thursday trading; it may be a good idea for investors to take a look at those. One of the companies that saw its stock make a big move yesterday was One World Universe Inc (OTCMKTS:OWUV), which ended the day with gains of as much as 18%.
In light of such significant gains, it may be a good move for investors to take a closer look at One World Universe as a company and look into the recent developments which may have led to the strong rally.
Trading Data
On Wednesday, OWUV stock soared 18.36% to $0.0700 with more than 1.07 million shares traded, compared to volume of 1.69 million shares. The stock moved within a range of $0.0590 – 0.0761 after opening trading at $0.0590.
About The Company
One World Universe is a publicly traded company which is involved in investing in sports related businesses, opportunities in the emerging industries, distressed assets and also provides humanitarian efforts in as many as 185 nations across the world. The company uses the proceeds from its many businesses for the purpose of funding these global humanitarian efforts that it engages in.
One World Universe, Inc. Announces Ameritrust is Approved to Work with NewRez
Yesterday, the stock rallied strongly after it announced that its unit Ameritrust had been given the approval for working with NewRez. In this particular collaboration, Ameritrust is going to work in the capacity of “Delegated Conv, Non-Del FHA and broker TPO business” with NewRez.
The Chief Executive Officer of One World Universe spoke about the sort of role Ameritrust is going to play in a statement. Due to the connection that Ameritrust has been able to make with big ticket lenders like NewRez, it would give the company the wherewithal to services more of the nation’s troops. On top of that, it is also going to give One World Universe the exposure to more states.
The company announced that it was a major new opportunity for Ameritrust and also for the One World Universe shareholders. It is going to be interesting to see if the stock can hold on to its momentum today and further add to the gains once markets open today.
As it happens, the company had been in the news last week as well when it made an announcement with regards to its business unit Friends with Business. One World Universe announced that Friends with Business was providing professionals with a platform on which they could advertise their services and showcase those to start-ups. It is a fairly unique service that is being offered by Friends with Business.
Most of the advertising platforms of this kind offer their services to business owners who may be looking for professionals. However, Friends with Business has managed to flip the game somewhat. It is going to offer a directory of business professionals who could turn out to be important personnel for new business owners. At this point in time, the services are being offered in the United States market. However, the company is looking to set up an office in Canada soon and then the services are going to be extended into the Canadian market as well.
Technical Data
OWUV stock is trading above the 20-Day and 50-Day Moving averages of $0.0614 and $0.0389 respectively. However, the stock is trading below the 200-Day moving average of $0.1028. The company has a total market capitalization of $12.04 million. The stock is up 212% over the past month.
