The announcement of a new Chief Executive Officer is a major new development for any company and that’s the sort of development that may bring the IDGlobal Corp (OTCMKTS:IDGC) stock onto the radars of investors today.
Trading Data
On Friday, IDGC stock ended flat at $0.0003 with more than 143.78 million shares, compared to a volume of 90.97 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trade at $0.0004.
Key Details
The company announced this past Friday that Marcin Michel had been appointed as the new Chief Executive Officer of UTXO Technologies Inc, which is a subsidiary of IDGlobal. Michel is going to be in charge of the operations of the UTXO on a daily basis, work on the business plans of the company and also work on the closing of acquisition targets that may be imminent.
It should be noted that UTXO had been working on the closure of a range of acquisition targets over the course of the past year. In this context, it is also going to be important to have a fair idea about your credentials of Michel as a CEO.
It is necessary to note that he had been the founder and CEO of the research and development firm Utmost Tech, which provides solutions to maritime, energy, and defense sectors. He had also been the founder and CEO of the video game development firm FRONTLINE Studious Inc.
Technical Data
IDGC stock is below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0001 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0003. The company has a total market capitalization of $5.53 million. The stock is up 5% over the past 6 months.
