Applied Technologies Group Inc. (OTCMKTS:UATG) Stock Consolidates After Moving Higher This Week

Shares of Applied Technologies Group Inc. (OTCMKTS:UATG) are consolidating after gaining over 18% in the past week.

Market Stats     

On Wednesday, UATG stock fell 0.65% to $0.0154 with more than 1.41 million shares, compared to its average volume of 3.55 million shares. The stock moved within a range of $0.0137 – 0.0155 after opening trading at $0.0146.

H2O Processing’s Pioneering Water Treatment Technology to be demonstrated at the 2022 Annual Oilfield Water Markets Conference

Subsidiary of Umbra Applied Technologies Group, Inc. (OTCMKTS:UATG), H2O Processing, made an announcement on March 09, 2022 that its proprietary advanced water treatment technology is to be unveiled at this year’s Annual Oilfield Water Markets Conference in Dallas, TX on March 10-11. More than 300 industry leaders have signed up to attend the event.

The objective of the conference is to bring together various business leaders across the water value chain including E&P operators, water midstream, tech, and service companies, and information providers, for the purposes of networking and knowledge sharing.

H2O Processing Chief Executive Officer, Stan Abrams, says that they will demonstrate a table-top version of their technological capabilities. The unit is completely customized to be able to demonstrate the existing technology, while displaying some of the additional capabilities that could be incorporated in larger systems.

The scaled down system to be demonstrated, is to be further developed as an infield proof of technology system to work alongside its bigger brother mobile demonstration units that retail at $700,000 -$800,000 each. In turn, these demo systems will help to drive sales of its large mobile systems that cost $1.8M-$2.5M each.

Back in 2021, the company had revealed its third-generation mobile water treatment system that consists of three 50-foot trailers and a mobile command center bus capable of operating/monitoring the system’s performance and status remotely.

Traders Corner

UATG stock is trading above the 20-Day and 50-Day Moving averages of $0.0138 and $0.0136 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0219.