The week may be coming to an end, but investors are still going to be on the lookout for stocks to track, and this morning one of the stocks that may be on the radars is that of UAV Corp. (OTC: UMAV). On Wednesday the company had been in the news cycle after it made a major new announcement about changes in its share structure.
Authorized Share Reduction
The company announced earlier this week that it had been successful in making a further reduction in the number of its authorized shares. On December 16, 2024, UAV Corp had made an announcement with regards to its strategy to reduce its share count, and it was in alignment with the strategy. In this particular instance, the company reduced the authorized share count to 500 million from 800 million.
Continuity
In the news release, it was also announced by UAV Corp that the move was a continuation of the earlier move that they had completed in which the number of authorized shares was reduced from 2 billion to 800 million at one go. The company went on to state that the latest move was another demonstration of UAV Corp’s commitment to maximizing value for shareholders.
CEO Quote
“After seeing the appreciation from our shareholders regarding the initial reduction, we felt it was imperative to continue taking steps to enhance shareholder value,” said Michael Lawson, CEO of UAV Corp. “This further reduction reflects our dedication to disciplined financial management and our confidence in the company’s long-term growth trajectory. We remain focused on operational excellence and innovative solutions to drive profitability.”
Technicals
| +/- EMA(20) | 0.0124 (+201.61%) |
| +/- SMA(50) | 0.0071 (+426.76%) |
| +/- SMA(200) | 0.0074 (+405.41%) |
| 5-Day Perf. | +544.83% |
| 1-Month Perf. | +1189.66% |
| 3-Month Perf. | +648% |
| 6-Month Perf. | +171.01% |
| YTD Perf. | +434.29% |
| 1-Year Perf. | +367.5% |
| RSI(14) | 79.2 |
| ATR(14) | 0.01 |
| ADX(14) | 41.51 |
| Beta (5Y) | -0.76 |
