Green Stream Holdings Inc (OTCMKTS:GSFI) Stock Rockets 35%: Here is Why

This morning most investors are going to be looking into those stocks which may have clocked substantial gains yesterday and one of the stocks which may be worth looking into is Green Stream Holdings Inc (OTCMKTS:GSFI).

Trading Data

On Monday, GSFI stock soared 36.36% to $0.0015 with 335.94 million shares, compared to volume of 230.96 million shares. The stock moved within a range of $0.0010 – 0.0017 after opening trade at $0.0010.

Recent News

The solar utility and finance company was in major focus yesterday and its stock had ended the day with gains of as much as 35% amidst heavy interest. Not too long ago, the company announced that it had been successful in settling a convertible promissory note with 1800 Diagonal Lending LLC dated February 24 2002 through the repayment of $50,359.08.

That made up payment in full and hence, completely extinguished the debts that Green Stream had on its books. The repayment of debts is almost always a major positive for any company and it was perhaps no surprise that the news led to such optimism among investors with regard to the stock. The company announced yesterday that the note had been repaid in full back on August 26, 2022. In addition to the principal amount, the promissory note holder was also entitled to interest as well as a prepayment fee. The company paid all that and closed the note.

Technical Data

GSFI stock is trading below the 20-Day and 50-Day Moving averages of $0.0012 and $0.008 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0042. The company has a total market capitalization of $4.41 million.