APT Systems Inc (OTCMKTS:APTY) Stock In Focus After The Recent Development
APT Systems Inc (OTCMKTS:APTY), which is involved in the financial technology and software development space, saw its stock trading in a range on Thursday. It was perhaps not particularly surprising considering the fact that there has been no news at all about the company for a while.
Market Stats
On Thursday, APTY stock gained 2% at $0.0143 with more than 9.29 million shares, compared to its average volume of 24.09 million shares. The stock has moved within a range of $0.0138 – 0.0150 after opening the trade at $0.0140. .
Continued Progress for Spera Stablecoin
However, in this situation, it could be a good time for investors to take a closer look at the company and some of the latest developments. APT Systems is currently working on the development of Spera, its own stable coin. However, that is not all. The company is also putting in a lot of work in order to ensure that the symbol SPRA for the Ethereum powered stable coin is adopted.
The Chief Executive Officer of the company Glenda M Dowie spoke about the work done by the company in this regard last month. She stated that the advancements in technology are being used to its advantage by the company in order to create the Spera stable coin.
Dowie also noted that the stable coin is not only going to be more robust but also better than the existing stable coins in the market. It might be a good idea to keep an eye on the developments in this regard.
Key Quote
“We are taking advantage of recent technological developments to create an even better and more robust Spera stablecoin,” says Glenda M. Dowie, Founder and CEO. “Once the company completes its development, a security test will validate that Spera is safe for circulation and management will announce its initial release of the digital coin. In the interim, we will release an updated white paper.”
Traders Corner
APTY stock is trading below the 20-Day and 50-Day Moving averages of $0.0180 and $0.0185 respectively. However, the stock is trading below the 200-Day moving average of $0.0093. The stock is down 33% in the past month.
