The cryptocurrency, digital asset, and blockchain technology firm Net Savings Link Inc (OTCMKTS:NSAV) has not had a great time in the markets over the course of the past week. During the period, the stock suffered from a selloff and clocked a decline of as much as 25% as a consequence.
Trading Data
On Monday, NSAV stock lost 14.29% to $0.0030 with more than 36.59 million shares, compared to its average volume of 11.50 million shares. The stock moved within a range of $0.0026 – 0.0035 after opening trade at $0.0032.
NSAV Retains Leading Investment Banking Firm, MD Global Partners
Considering the magnitude of the decline, it might be a good time for investors to perhaps figure out if the stocks are going to continue to decline or if there is a recovery on the horizon. There has been no news in the past week but back on August, 22 Net Savings made a major new announcement.
At the time, the company announced that it had engaged the services of the investment firm MD Global Partners to act as its financial advisor in the realm of investment banking and also for strategic corporate planning advisory. In this context, it should be noted that MD Global Partners, which is based out of Manhattan, had managed to cut deals to the tune of more than $4 billion through more than 200 plus deals in excess of 20 nations across the world. The company is registered as a broker dealer.
Key Quote
Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “NSAV is thrilled to engage MD Global to assist us with critical strategic decisions. Their leadership has the right credentials to assist entrepreneurial driven public companies in raising growth capital and advising on potential strategic acquisitions.”
Technical Data
NSAV stock is below the 20-Day and 50-Day Moving averages of $0.0040 and $0.0049 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0122. The company has a total market capitalization of $18 million.
