On Thursday Planet Resource Recovery Inc (OTCMKTS:PRRY) was in the news after it made a significant new announcement and it may be a good time for investors to watch out for the stock today.
Trading Data
On Thursday, PRRY stock ended flat at $0.0048 with more than 798.80K shares, compared to volume of 239.19K shares. The stock moved within a range of $0.0048 – 0.0054 after opening trade at $0.0054.
Planet Resource Recovery Inc Global Corporate Update
The company was in the news yesterday after it announced that it had started the process of the application to FINRA with regards to the change of its name and also its ticker symbol. The company noted that the changes are going to be reflection of historic MAX All-Terrain Vehicle brand. It was also announced yesterday that the name change is expected to become effective with the Secretary of State of Nevada soon.
Planet Resource Recovery announced yesterday that it was now working on reviving the MAX All-Terrain Vehicle brand and expects it to dominate the amphibious vehicle market. The name change of the MAX All-Terrain Vehicle is going to reflect the legacy of the founders Recreatives Industries Inc, which is based out of Buffalo in New York.
It was also noted that not too long ago the company had also come up with a website that had been newly designed. The website features the MAX All-Terrain Vehicles prominently.
Technical Data
PRRY stock is trading below the 20-Day and 50-Day Moving averages of $0.0057 and $0.0063 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0083.
