It was a good day in the markets for investors in Kuber Resources Corporation (OTCMKTS:KUBR) last Friday as the stock shot up by as much as 16% following a major announcement from the company.
On Friday, KUBR stock increased 16.10% to $3.7500 with more than 267 shares, compared to its average volume of 30 shares. The stock moved within a range of $3.4500 – 3.7500 after opening trade at $3.4500.
Kuber Resources 2022 Year End Update and OTCQB Progress
The company announced on Friday that for the year ended 2022 it had managed to make a profit following its reorganization back in March of 2021. The news came as a major boost for investors and the price action in the stock indicated the optimism. In the press release last week, it was noted that it was a major new milestone for Kuber Resources. However, at the same time, it was also announced that Kuber Resources was still committed to its target of building up to become a renowned trading entity.
The ultimate goal of such a target for Kuber Resources is to fulfill the conditions that would be required for uplisting the stock on to the NASDAQ. In the meantime, the company is working on its preparations for listing the stock on the OTCQB.
It was also noted that Kuber Resources expected to complete the filing at some point in the next weeks. It may be a good move for investors to add the stock to their watch lists for the week.