General Electronics Group Inc (OTCMKTS:GEGI) Stock Makes a Big Move: What’s The Buzz?

One of the stocks that is likely to be on the radars of investors this morning is that of General Electronics Group Inc (OTCMKTS:GEGI), which ended up with gains of as much as 28% on Monday. In light of such gains, many investors would be watching keenly if the stock can manage to add to its gains today.

Trading Data

On Monday, GEGI stock gained 27.59% to $0.0037 with more than 53.18 million shares, compared to its average volume of 55.90 million shares. The stock moved within a range of $0.0026 – 0.0041 after opening trade at $0.0031.

Latest News

That being said, it should be noted that there was no news about the company on Monday and in fact, the last time the company was in the news was back on August 28. At the time, General Electronics Group had come into the news cycle after it announced that it had appointed a new strategic advisor to its board in the form of Kasey Evans.

That was a significant development since it continued the General Electronics Group’s work in adding highly impressive strategic advisors to its board. Most of those advisors have excellent track records in the autonomous industry. In the case of Kasey Evens, it ought to be noted that she has worked with some of the leaders in the industry in the form of Eindrie, Vanderhall, XOS Trucks, and Serial 1 among others.

Key Quote

“We are so grateful and excited to have Kasey join our team as a strategic advisor,” said Braden Jones, CEO. “It is similar to a sports team; we understand the value of each player and seek for the very best to fill each position on the team.”

Technical Data

GEGI stock is trading below the 20-Day and 50-Day Moving averages of $0.0057 and $0.0058 respectively. However, the stock is trading above the 200-Day moving average of $0.0026.