PCT LTD. (OTCMKTS:PCTL) via its wholly owned operating subsidiary Paradigm Convergence Technologies, Inc., announced on August 19, 2022, about being in the process of dividing its Healthcare and Oil & Gas technologies into separate wholly owned subsidiaries to capitalize on marketing opportunities.
Trading Data
On Friday, PCTL stock gained 4.29% to $0.0073 with 2.19 million shares, compared to a volume of 1.58 million shares. The stock moved within a range of $0.0061 – 0.0073 after opening trade at $0.0061.
PCT LTD Announces Rebranding of Two Product Lines
The PCT Healthcare division is to be rebranded with assets being transferred into 21st Century Healthcare, Inc. – it intends to build and market equipment and fluids specific to the healthcare industry. On the other hand, the PCT Oil & Gas division will be rebranded with assets transferred into 21st Century Energy, Inc. – they wish to market oil and gas technologies and services to that industry only.
Both new entities intend to market directly to their customer base and form strategic partnerships with companies that are heavily engaged in both Healthcare and Oil & Gas, respectively.
Paradigm Convergence Technologies also emphasized the importance of disinfecting surfaces in schools and colleges, using its proprietary solution, branded as Hydrolyte. This is a hospital grade disinfectant, based on the naturally occurring compound hypochlorous acid.
Currently used in hospitals and other large healthcare facilities to disinfect hard, nonporous surfaces, it is extremely effective in fighting a long list of the most troublesome bacteria and pathogens that healthcare workers encounter. The low toxicity, simple storage requirements, and high availability of the product make it an ideal disinfecting option for institutions outside of healthcare, particularly in educational contexts.
Technical Data
PCTL stock is below the 20-Day and 50-Day Moving averages of $0.0084 and $0.0089 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0146. The company has a total market capitalization of $5.77 million. The stock is down 61% over the past 6-month.
