Despite the overall turmoil in the markets, there are still some stocks which investors may consider looking into since they have managed to buck the trend and one of those is the XCPCNL Business Services Corporation (OTCMKTS:XCPL) stock.
Trading Data
On Thursday, XCPL stock rose 16.67% to $0.0028 with more than 7.65 million shares, compared to its average volume of 10.20 million shares. The stock moved within a range of $ 0.0024 – 0.0032 after opening trade at $0.0024.
XCPCNL Business Services Issues Letter From CEO
Yesterday, the company came into focus after its Chief Executive Officer Tim Matthews sent out a letter to its shareholders. That saw the stock of the venture development business go on a strong rally and end the day with gains of as much as 17%. It may be a good move for investors to perhaps take a look at some of the highlights from the letter.
Matthews noted that a lot of misinformation had been spread about XCPCNL Business Services on social media and hence, he had addressed those issues at his presentation at the Emerging Growth Conference back on September 14, 2022.
He noted that a lot of questions and topics that had constantly been put on social media had been addressed at the aforementioned presentation. He went on to state that even though he did not have much experience of the OTC, he took all shareholder questions seriously and was keen to use those as tools to grow the company.
Technical Data
XCPL stock is trading below the 20-Day and 50-Day Moving averages of $0.0036 and $0.0043 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0156. The company has a total market capitalization of $336K.
