Rainmaker Worldwide Inc (OTCMKTS:RAKR) Stock Soars After Memorandum of Understanding With Miranda Water Treatment Systems

One of the stocks which is likely to be in considerable focus today among investors is that of Rainmaker Worldwide Inc (OTCMKTS:RAKR), after it managed to clock gains of as much as 62% for the day yesterday.

Trading Data

On Wednesday, RAKR stock surged 62.50% to $0.0130 with more than 1.05 million shares, compared to its average volume of 371k shares. The stock moved within a range of $0.0089 – 0.0134 after opening trade at $0.0090.

Memorandum of Understanding Signed by Miranda Water Treatment Systems and Rainmaker Worldwide Inc.

The company was in the news yesterday after it announced that it had inked a Memorandum of Understanding with Miranda Water Treatment Systems. The Memorandum of Understanding is meant for formalizing the integration of the two companies at both the operating and strategic levels. The Chief Executive Officer of Miranda Water Treatment Systems noted that it is going to help in coordinating resources so that the global wastewater and water treatment demands are served in a better manner.

In this context, it ought to be noted that the optimism among investors for Rainmaker Worldwide stocks is understandably. Miranda Water Treatment Systems operates installations in as many as 35 nations at this point in time.

Through this collaboration, Rainmaker is going to help the company in expanding its global scope and also bring about synergies with its own water-related products. It may be a good idea for investors to perhaps add the stock to their watch lists and watch for further moves.

Key Quote

“This next step allows for much closer coordination of resources, and closely aligns MWTS with RAKR to better serve global water and wastewater treatment needs,” stated Bulent Hatay, CEO of MWTS. “Miranda already has installations in more than 35 countries and RAKR will expand this reach with its global scope and synergy with its portfolio of water products. We look forward to our continuing collaboration with RAKR to get our technology in the hands of people who truly benefit from it.”

Technical Data RAKR stock is trading below the 50-Day and 200-Day Moving averages of $0.0149 and $0.0194 respectively. However, the stock is trading above the 20-Day moving average of $0.0111.