This morning those companies are expected to be in focus among investors which had been in the news this past Friday and one of the companies which may come into focus is Global Tech Industries Group Inc (OTCMKTS:GTII).
Trading Data
On Friday, GTII stock lost 1.35% to $0.7004 with 1.15 million shares, compared to volume of 2.59 million shares. The stock moved within a range of $0.7001 – 0.8700 after opening trade at $0.7200.
Global Tech Industries Group, Inc. files Application for Listing on Blockchain-Powered Securities Exchange, Upstream
The Nevada corporation came into focus back on Friday after it announced that it had concluded the application procedure in relation to the listing of its shares on Upstream. Upstream is a digital securities trading app and also offers NFTs. It is backed by MERJ Exchange Limited and Horizon Fintex. The move to list on Upstream is part of the larger strategy from Global Tech Industries to expand its reach into the worldwide investment and trading community.
There is a growing investor base which is digital-first and access to such a community could eventually lead to much higher liquidity for the company’s stock. David Reichman, who is the Chief Executive Officer and Chairman of Global Tech Industries, noted that he believes that the company’s responsibilities with regards to the application process had been completed. The company was now looking forward to a meeting with representatives from Upstream. It is going to be interesting to see if the Global Tech Industries comes into focus today or not.
Key Quote
Commenting on the application process, David Reichman, Chairman & CEO of GTII, stated, “We believe that our side of the application process is now complete, and we look forward to hearing from Upstream. Along with other steps the Company has recently taken, we view this as a bold move toward creating more value for our shareholders and positioning GTII to participate in an entirely new liquidity stream.”
Technical Data
GTII stock is trading below the 20-Day and 50-Day Moving averages of $1.83 and $3.53 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.78.
