Valiant Eagle Inc (OTCMKTS:PSRU) Stock Falls: Partners with Robot Sea Monster

Although the company made a fairly interesting announcement yesterday, it did not lead to much joy for Valiant Eagle Inc (OTCMKTS:PSRU) shareholders as the stock nosedived by as much as 9%.

Trading Data

On Thursday, PSRU stock slumped 8.82% to $0.0016 with 72.67 million shares, compared to its average volume 39.44 million shares. The stock moved within a range of $0.0014 – 0.0020 after opening trade at $0.0018.

VE Gaming, a Division of Valiant Eagle, Inc. (OTC:PSRU), Partners with Robot Sea Monster

The company announced yesterday that VE Gaming, its subsidiary unit, had decided to hire the services of the studio Robot Sea Monster for the purpose of developing a slew of web3 games. It should be noted that the web3 games in question had initially been created by the Chief Executive Officer of Valiant Eagle, Xavier Mitchell. In this regard, it may be a good idea to take a look at the exact role that Robot Sea Monsters is going to play.

Robot Sea is going to be responsible for providing as much as 200 hours of preproduction and as much as 500 hours of production for the whole thing. That will then enable VE Gaming to bring the first web3 game to a range of platforms without much of a delay.

At the same time, it will also ensure that the quality of the game is of an advanced nature. It is now going to be interesting to see if the Valiant Eagle stock can make a comeback any time soon.

Technical Data

PSRU stock is trading below the 20-Day and 50-Day Moving averages of $0.0010 and $0.0009 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0014.