The markets may be in a bit of turmoil but there are still certain stocks that have managed to buck the trend in a big and one of those is GGTOOR Inc (OTCMKTS:GTOR) stock. The eSports firm was in considerable focus yesterday and ended up with gains of as much as 18% amidst heavy interest.
Trading Data
On Tuesday, GTOR stock surged 17.69% to $0.0153 with more than 432K shares, compared to its average volume of 1.49 million shares. The stock moved within a range of $0.0122 – 0.0155 after opening trading at $0.0130.
GGTOOR, Inc., (OTCMKTS:GTOR) Announces Management Report for the Week Ended October 1, 2022
Yesterday, the company announced its management report for the week that ended on October 1, 2022. The management announced that it had started communication with its funding partner Nerdlands and in fact, had worked closely with it over the course of the past few weeks.
It was noted that GGTOOR expected a deal was going to be concluded with Nerdlands by September 30, 2022. However, GGTOOR provided Nerdlands with 10 more days within which to complete the deal. Following extensive talks, GGTOOR believes that the deal is going to be concluded and Nerdlands is going to be a featured business on GGTOORCITY.
It was a major new development and one that may have fuelled considerable optimism among investors. It now remains to be seen if the GGTOOR stock can manage to hold on to its momentum over the coming days or not.
Key Quote
GGToor co-sponsored its biggest event to date the “Victory Road World Cup of Pokemon VGC.” 25,000 This event was comprised of ten weeks of online competition. It had competitors from fifty-six countries and a total of 664 players involved. Web activity totaled +120,000 page views and +25,000 web users. Twitter activity was +400,000 tweets, +6,000,000 impressions, +400,000 profile visits and +5,000 mentions. Twitch activity totaled +100 hours, +300 average viewership, +150,000 live views and +120,000 deferred views. YouTube activity totaled +200 uploaded videos and +200,000 views. This was a record-setting event for GGToor. Shareholders can expect more of these type events in the future. To view the information provided please hit the following link; https://ggtoor.com/GGtoor_WCPokemon_2022.pdf
Technical Data
GTOR stock is trading above the 20-Day and 50-Day Moving averages of $0.0160 and $0.0210 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0246. The company has a total market capitalization of $15k.
