Bonanza Goldfields Corp (OTCMKTS:BONZ) Stock In Focus After Recent Update

This morning investors may be interested in taking a look at the Bonanza Goldfields Corp (OTCMKTS:BONZ) stock in light of the latest development. The company announced yesterday that along with collaboration with Forensic Psychologist and Tape at Club DAO, Marvion had managed to successfully launch the Producer’s Club.

Trading Data

On Tuesday, BONZ stock slid 2.41% to $0.0026 with more than 818.48K shares, compared to its average volume of 1.02 million shares. The stock moved within a range of $0.0026 – 0.0028 after opening trading at $0.0026.

Marvion™ Launches Producer’s Club with Forensic Psychologist and Tape at Club DAO

Producer’s Club is the first members-only club in Hong Kong that has been formed for those people who hold an active interest in blockchain, non-fungible tokens, cryptocurrencies, and the Metaverse. It was also announced that Marvion would be responsible for coming up with the DOTs for the members. The members of the Producers’ Club are going to be known as ‘Executive Producer’ or ‘Associate Producer’.

It was also noted that there had been considerable demand for the DOTs related to Forensic Psychologist, the drama series, that had been handed out by the club. Due to such demand, it had been decided that DOTs for that drama series as well as an upcoming film are going to be provided in the club DOT to the members. The developments from yesterday with regards to Bonanza Goldfields were significant ones and it is now going to be interesting to see if the stock can manage to make a move or not.

Key Quote

Kevin Tan, CEO of Marvion™️ commented, “From the previous sell-out of the Forensic Psychologist h-DOTs, we believe that there is indeed a tremendous demand within the market for tokenized tangible and intangible media and entertainment assets. Furthermore, Marvion’s™️ launch of the Producer’s Club demonstrates its ability to garner a global community for its DOTs products. We have no doubt that DOTs will enable the IP licensing business to expand globally. Through the IP ecosystems and partnerships, we believe that DOTs enhance the transparency, commercial value, and effectiveness of IP, making the IP licensing more valuable in the near term.”

Technical Data      

BONZ stock is trading below the 20-Day and 50-Day Moving averages of $0.0028 and $0. 0028 respectively. However, the stock is trading However the 200-Day moving average of $0. 0041. The company has a total market capitalization of $4.85 million. The stock is up 4% over the past month.