Following a key announcement from the company yesterday, it might be a good move for investors to take a bit of an interest in Advanced Container Technologies Inc (OTCMKTS:ACTX).
On Monday, ACTX stock ended flat at $0.65 with 2 shares, compared to a volume of 19K shares. The stock moved within a range of $0.6500 – 0.6500 after opening trade at $0.65.
ACTX Helps Farmers Expand into New Profitable Markets
The company announced yesterday that its product GrowPods could help farmers considerably in expanding into new markets by cultivating fruits and vegetables profitably throughout the year. It was a major new announcement from the company and it now remains to be seen if it leads to any move in the Advanced Container Technologies stock over the course of this week or not.
The GrowPods are hydroponic modular farms that can be situated absolutely anywhere and one unit can manage to help in growing crops which is equal to one acre of farmland. The cultivation takes place in a pesticide-free, automated, and controlled setting. Entrepreneur 360 has noted that at this point in time most farmers are not growing crops that are actually profitable.
The addition of one or two GrowPods is going to allow farmers to move into profitable fruits or vegetables which offer higher margins throughout the year. Most high-margin crops grow quickly and almost always command significant demand throughout the year.
“The GrowPod system allows farmers to move into new, highly profitable markets, and maintain revenue streams year-round,” said Douglas Heldoorn, CEO of Advanced Container Technologies, Inc. “With GrowPods, farming can be done in a controlled environment allowing farmers to eliminate pesticides and contaminants, yielding a highly desirable crop that is even better than organic.”
ACTX stock is above the 20-Day and 50-Day Moving averages of $0.60 and $0.63 respectively. However, the stock is trading below the 200-Day moving average of $0.99.