There were a number of stocks that had managed to make substantial gains yesterday and one of those was of Stereo Vision Entertainment Inc (OTCMKTS:SVSN). It came into focus after a key announcement from its subsidiary unit Climate Cure Capital Corporation and ended up with gains of as much as 30% as a consequence.
Trading Data
On Tuesday, SVSN stock surged 30% to $0.0211 with more than 3.21 million shares, compared to its average volume of 656K shares. The stock moved within a range of $0.0162 – 0.0268 after opening trade at $0.0177.
VERRA Assigns Project I.D. Number 5328 to Climate Cure Capital & Vision 2050 Forestry’s Ghana Afforestation and Reforestation J/V
Climate Cure announced yesterday that its Ghana reforestation and afforestation joint venture with the firm 2050 Forestry Ltd had been assigned a project ID number by VERRA. The announcement came as a source of considerable optimism for investors and that was possibly the reason behind the remarkable rally that was witnessed yesterday.
Jack Honour, who is the Chief Executive Officer of StereoVisions noted that it was a major new milestone in the company’s overall strategy. The award of the project ID number is particularly significant since the company will now be able to generate revenues from the project through the sales of carbon credit futures.
This revenue is going to help the Ghanaian farmers to work on the expansion of the company’s forest management efforts. Additionally, it is also expected to lead to considerable unlocking of value for the StereoVisions shareholders as well.
Key Quote
“This is a key milestone in our strategy,” said StereoVisions CEO Jack Honour. Having Climate Cure Capitals Ghana project with Vision 2050 Forestry on file with VERRA allows our J/V to begin generating revenues by selling carbon credit futures. This will provide the funding for our farmers in Ghana to expand our forest management efforts and the SVSN shareholders with considerable earnings. All while helping to clean the Earths air, soil, and water.
Technical Data
SVSN stock is trading above the 20-Day and 50-Day Moving averages of $.0166 and $0.0205 respectively. Moreover, the stock is trading above the 200-Day moving average of $0. 0203. The company has a total market capitalization of $527K.
