B2Digital Incorporated (OTCMKTS:BTDG) Stock In Focus After Recent Development

Mixed martial arts premium development league operating company B2Digital Incorporated (OTCMKTS:BTDG) is one of the companies which may be worth tracking this morning as the trading week comes to a close.

Trading Data

On Thursday, BTDG stock ended flat at $0.0002 with more than 691.26 million shares, compared to volume of 82.10 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0003.

B2Digital to Launch B2 Sports Network (B2SN) Combat Sports Streaming Channel in $90B Streaming Marketplace

The company was in the news yesterday after it made a major new announcement with regards to the launch of B2 Sports Network in the coming days. The network is supposed to be an around the clock streaming channel modeled on cable television channels and is going to broadcast Combat Sports related content produced by the company. It goes without saying that it was a major new announcement and it is going to be interesting to see if the stock can manage to make a move today or not.

The Chairman and Chief Executive Officer of the company Greg P Bell spoke about the development as well and pointed out some of the advantages. He noted that B2Digital had already spoken to many over the top streaming platform operators.

He added that the company was in an advantageous position since in addition to expansive distribution coverage, there is not going to be any dearth of content since the company is going to produce, film and stream its own combat sports content.

Key Quote

“We have already communicated with multiple over-the-top streaming platforms, and we believe we are in a prime position to launch B2SN with wide distribution coverage because we have a built-in capability to film, produce, and stream our own combat sports content,” stated Greg P. Bell, Chairman and CEO of B2 Digital.

Technical Data  

BTDG 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 $0.0010.