This morning investors could do well to take a look into the CarbonMeta Technologies Inc (OTCMKTS:COWI) stock in light of the developments from yesterday. The company announced yesterday that it had inked a binding memorandum of understanding with Kalahari Energy for the purposes of cooperation for processing coalbed methane into solid carbon and hydrogen.
Trading Data
On Tuesday, COWI stock ended flat at $0.0003 with 28.97 million shares, compared to its average volume of 39.58 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.
CarbonMeta Technologies and Kalahari Energy Botswana Sign Agreement To Process Coalbed Methane into Hydrogen and Carbon
It was a major new announcement from the company and one that could have a major long-term effect on its revenues. At this point in time, Sekaname Ltd, which is a subsidiary unit of Kalahari, is involved in commercializing coalbed methane for the purposes of controlling the carbon footprint in the country of Botswana. It is clear to see that the project could in fact prove to have a significant environmental impact.
As part of the deal between the two companies, CarbonMeta is going to deploy its patented microwave catalytic decomposition technology for the purpose of processing methane into hydrogen fuel. In addition to that, the technology is also going to be used for the purpose of processing carbon products of high value at affordable prices. It may well be a good time for investors to consider adding the CarbonMeta stock to their watch lists.
Key Quote
“We are excited to work with CarbonMeta on bringing clean hydrogen powered energy to Botswana,” said Julian Scales, Chairman and CEO of Kalahari Energy (Botswana). “In addition, our joint venture enterprise can deliver and market high value carbon products for tyre and lithium battery manufacturing customers in Africa and Europe.”
Technical Data
COWI stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0004.
