BCII Enterprises Inc (OTCMKTS:BCII) Stock Falls After Update on Yourinfo.com

It was a tough day in the markets for shareholders in BCII Enterprises Inc (OTCMKTS:BCII) as the stock suffered from a selloff despite a fairly positive announcement and ended up with a decline of as much as 13%. The company announced yesterday that it had made nice progress in its quest to build the platform Yourinfo.com and noted that the development team was on the verge of finally creating a ‘data capsule’ that was going to be fully functioning.

Trading Data

On Thursday, BCII stock lost 13.04% to $0.1000 with 107.01K shares, compared to volume of 11.45K shares. The stock moved within a range of $0.0950 – 0.1194 after opening trade at $0.1150.

BCII Enterprises Inc. Provides Update on Yourinfo.com

It goes without saying that the announcement was a significant one from BCII Enterprises but the news did not come as a massive source of optimism and that was possibly the reason behind the strong selloff in the stock.

However, it should be noted that BCII Enterprises did not yesterday that it had also been able to zero in on a possible joint venture partner in relation to its NFT marketplace. The keys to these ‘data capsules’ are then going to be traded on that marketplace. As one can see, the company has managed to identify a possible ecosystem for the whole thing and it now remains to be seen if there is any rebound in the stock today.

Traders Corner

BCII stock is trading below the 50-Day and 200-Day Moving averages of $0.12 and $0.12 respectively. Moreover, the stock is trading below the 20-Day moving average of $0.16.