Alternet Systems Inc (OTCMKTS:ALYI) Stock Extends Fall After EV Ecosystem CEO Video Presentation

In recent times, the Alternet Systems Inc (OTCMKTS:ALYI) stock has been in focus among many investors due to its work in the electric vehicle space. However, on Tuesday, the Alternet stock actually ended up as one of the laggards as it recorded a decline of as much as 6%.

Market Stats

On Tuesday, ALYI stock closed lower by 6% at $0.0175 with more than 75.53 million shares, compared to its average volume of 31.86 million shares. The stock has moved within a range of $0.0136 – 0.0195 after opening the trade at $0.0190.

Latest News

Yesterday the company was in the news after Alternet and Revolt Token made a joint announcement with regards to a video discussion between the CEO of Revolt Henryk Dabrowski and Alternet CEO Randall Torno. The discussion is going to be about the a future in which the Alternet Systems’ electric vehicle ecosystem is going to be powered by Revolt Token.

It was a significant announcement but it seems that it did not come as a major source of optimism for investors and the Alternet stock suffered from a selloff as a consequence.

Alternet Systems has come into significant focus among investors in recent times due to its work with regards to electric vehicles as well as towards the creation of an electric vehicle ecosystem based in East Africa. At this point in time, it could be a stock worth keeping in the watch lists despite the latest decline in the stock.

Traders Corner

ALYI stock is trading below the 50-Day and 200-Day Moving averages of $0.0187 and $0.0177 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.0463. The stock is up 21% in the past month.