If you are currently looking into the ESG sector then it may be a good move to take a look at the Cavitation Technologies Inc (OTCMKTS:CVAT) stock. The company is involved in the designing and manufacturing of innovative flow-through nanotechnology systems for the purpose of global fluid processing applications.
On Wednesday, CVAT stock moved up 2.11% to $0.0485 with 109K shares, compared to a volume of 82K shares. The stock moved within a range of $0.0475 – 0.0500 after opening trade at $0.0470.
Cavitation Technologies, Inc. Brings on Jonathan Severn to Join Advisory Board to Facilitate Southern California’s Demand for Effective Water Treatment
Yesterday the company came into focus after it announced that there had been a new addition to its Advisory Board in the form of Jonathan Severn. The appointment of Severn is geared towards the facilitation of the demand for effective water treatment in the Southern California region.
The appointment could well prove to be a significant one for the company in the long term and it is going to be interesting to see if it brings the stock into focus among investors or not.
The Chief Executive Officer of Cavitation Technologies Neil Voloshin spoke about the latest appointment as well. He noted that the appointment of Severn to the advisory board was a major new addition at a critical time for the company. He went on to add that Severn has a long track record of not only providing able leadership by also providing a strategic approach to complex issues.
“We are pleased to welcome Jonathan to our Advisory Board at this important stage in the Company’s evolution,” stated Neil Voloshin, CTi’s Chief Executive Officer. “Mr. Severn’s long history of leadership and strategic approach to resolving California’s vulnerability to water shortages and supply disruption bodes well for rounding out our team as Jonathan seeks to alleviate the negative impact water shortages cause the agriculture, employment, and low-income communities. We look forward to Jonathan’s expert engagement and assistance in guiding our objectives both at the commercial and state level accelerating connections in new strategic partnerships and market penetration of our eco-friendly water treatment technology.”
CVAT stock is below the 20-Day and 50-Day Moving averages of $0.0477 and $0.0480 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0685. The company has a total market capitalization of $13.20 million. The stock is down 25% over the past 6 months.