As trading begins for the midweek there are some companies which are quite likely to come on to the radars of investors and one of those could well be Small Business Development Group Inc (OTCMKTS:SBDG).
Trading Data
On Tuesday, SBDG stock ended flat at $0.8900 with more than 140 shares, compared to volume of 1.40K shares. The stock moved within a range of $0.8900 – 0.8900 after opening trade at $0.8900.
Small Business Development Group (OTC: SBDG) Announces AI Driven Mergers & Acquisition Division; Outlines Strategy for Significant Growth
The company was in the news cycle yesterday after it announced that it had launched a new division named SBDG M&A Advisory Services. It goes without saying that it was a significant announcement from the company. The aim of the new division would be to complete the acquisition of as many as six new firms which operate in the metropolitan areas. That will help in the growth of new clients and at the same time help in growing the number of SBDG offices.
The Chief Executive Officer and Chairman of the company Roy Y Salisbury spoke about the development as well. He noted that Small Business Development Group had completed the acquisition of Stony Hill Advisors, a mergers and acquisition firm with a proven track record.
Stony Hill would play a major role in the mergers and acquisitions strategy of Small Business Development Group in the future. In light of the latest development, it could be a good move from investors to add the stock to their watch lists.
Key Quote
“We are confident the M&A business will be a strong value driver for SBDG,” Mr. Salisbury said. In a recent piece authored by Mr. Salisbury (https://cutt.ly/SBDG_CEO_Opinion), the Company’s CEO outlines expectations for SBDG’s future and says the Company “is the best kept secret on the OTC Markets.”
Technical Data
SBDG stock is trading below the 20-Day and 50-Day Moving averages of $0.9365 and $0.9770 respectively. However, the stock is trading above the 200-Day moving average of $0.91. The company has a total market capitalization of $7 million.
