Success of recently launched ambitious projects can often prove to be a major boost for the stock of any company and hence it was perhaps no surprise that the Bonanza Goldfields Corp (OTCMKTS:BONZ) stock rallied by as much as 4% yesterday.
Trading Data
On Wednesday, BONZ stock rose 4% to $0.0026 with more than 200K shares traded, compared to volume of 1.03 million shares. The stock moved within a range of $0.0026 – 0.0026 after opening trading at $0.0026.
Marvion™ Metaverse, Working Apes, and Digital Ownership Tokens took Hong Kong by storm at the Hong Kong Computer & Communications Festival (HKCCF) 2022
The company announced yesterday that Marvion had been accorded with an invitation to act as the metaverse partner at the Hong Kong Computer & Communications Festival, which had been held from August 19 through to August 22 this year. It was a significant development for the company considering the fact it is among the biggest electronic products and computer communications events in Asia.
Hence, it was perhaps not a surprise that the stock managed to come into the attention of investors yesterday and went on a rally. However, it is now going to be interesting to see if the stock can manage to hold on to its momentum over the course of the coming days and further add to its gains.
The event is hosted by The Chamber of Hong Kong Computer Industry and is aimed at providing a platform to the newest technologies which have been created in the tech sector in the city.
Key Quote
Julian So, Vice Chairman of Marvion™️ and a speaker for the Web 3.0 Summit in HKCC noted that “incubating new and mature companies into Web 5 powerhouses is the right path in this digital era as Gen Z’ers are poised to be the single largest group of consumers worldwide and who will have a great impact on the world.”
Technical Data
BONZ stock is trading below the 20-Day and 50-Day Moving averages of $0.0029 and $0.0028 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0041. The company has a total market capitalization of $4.85 million. The stock is down 2% over the past month.
