If a company signed a new deal then it is almost always worth it for investors to take a closer look into it. Yesterday, Metatron Inc (OTCMKTS:MRNJ) was in focus after it jointly announced with Greene Concepts Inc that the two companies were going to collaborate on the development of a new hydration product.
Trading Data
On Thursday, MRNJ stock ended unchanged at $0.0004 with more than 437.41 million shares, compared to its average volume of 101.75 shares. The stock moved within a range of $0.0003 – 0.0005 after opening trade at $0.0004.
Greene Concepts Contracts with Metatron Inc. to Develop Hydration Tracking App
The contract was awarded to Metatron by Green Concepts for developing the hydration application. The purpose of the app is going to boost hydration, consumer awareness, and consumer health. In this regard, it may be a good idea for investors to take a closer look at the specifics of the application.
The app is going to help users to scan and track their daily water intake automatically. In addition to that, it is also going to compare the daily water intake to the recommended levels as per the activity levels, height, and weight of each individual consumer. All the information is going to be visible to the consumer from the dashboard that is going to be made available on the app. The dashboard can be accessed on the app or from the website of the app. It remains to be seen if the Metatron stock gains any traction in the coming days.
Key Quote
Joe Riehl, CEO of Metatron, conveys, “We are developing this application for Greene Concepts as a way for people to ensure proper hydration, promote quality health, and offer ease-of-use in viewing their daily water consumption numbers. One can scan the QR code of major water bottle brands such as Greene Concepts’ BE WATERTM and the information automatically loads and displays into the app based on the size of the bottle. The app will offer a free trial and subscription upgrade for reminders and other premium features to ensure the user is remaining properly hydrated. The is also being designed for the tracking of reverse osmosis water along with the manual input of municipal tap water as desired.”
Technical Data
MRNJ stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0003. The company has a total market capitalization of $2.68 million.
