On Wednesday, Harrison Vickers and Waterman Inc (OTCMKTS:HVCW) was in major focus among investors following a key development and the company’s stock soared by as much as 28% amidst heavy interest. There was no fresh news about the company yesterday but earlier on this month on August 11 it had emerged that back on July 15 Harrison Vickers and Waterman gone into an agreement with regards to a merger with the California limited liability company Pacific Energy Network LLC.
Trading Data
On Wednesday, HVCW stock soared 28.57% to $0.0009 with more than 679.93 million shares, compared to its average volume of 98.9 million shares. The stock moved within a range of $0.0006 – 0.0009 after opening trading at $0.0007.
HVCW Announces the Merger with Pacific Energy Network
The agreement was finally closed on August 8, 2022. At the time, the Chief Executive Officer of the company Bobby Tetsch noted that following the merger there were lot of opportunities to work on.
In this context, it is perhaps important to note that Pacific Energy Network is involved in a range of industries through its subsidiary units. Some of the businesses that it is involved in include data, software, HVAC, consulting, security, solar, lead generation and roofing among others.
Pacific Energy Network had been established back in 2016 and in the mean time it has managed to emerge as one of the more successful outfits in the fast growing home services industry. It remains to be seen if the Harrison Vickers and Waterman can add to its gains today.
Key Quote
“We believe there is a lot of opportunity in front of us and being public will help us maximize those opportunities for the benefit of the shareholders”, stated Bobby Tetsch, CEO of HVCW.
Technical Data
HVCW stock is trading below the 20-Day and 50-Day Moving averages of $0.0005 and $0.0005 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0003. The company has a total market capitalization of $2.70 million. The stock is up 350% over the past month.
