It is quite likely that the Treasure & Shipwreck Recovery Inc (OTCMKTS:BLIS) stock is going to come into focus among investors this morning after it clocked single-day gains of as much as 18% yesterday. The company came into the news cycle yesterday after it announced that it had been successful in completing the acquisition of scanning and research equipment in order to help in its search for shipwrecks that lie underwater.
Trading Data
On Wednesday, BLIS stock gained 17.50% to $0.0470 with 68K shares, compared to a volume of 21K shares. The stock moved within a range of $0.0470 – 0.0490 after opening trade at $0.0490.
Treasure & Shipwreck Recovery Utilizing New Technologies
However, that is not all. Treasure & Shipwreck Recovery also noted yesterday that it was looking for more unconventional technologies which could help it in discovering more spots for shipwreck recoveries.
It was a major new announcement from the company and it clearly led to a significant degree of optimism among investors as well. The company announced yesterday that although new technology has been developed, most of the shipwreck recovery and hunting companies have been using technologies that had been in place since the 1970s.
For instance, new technologies like satellite imagery, artificial intelligence, and scanners can help in identifying silver, gold, and other materials fairly easily. The company also announced that it was currently working with a host of new partners for accessing more technologies.
Technical Data
BLIS stock is trading below the 20-Day and 50-Day Moving averages of $0.0439 and $0.0479 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1472.
