ClickStream Corporation (OTCMKTS:CLIS) Stock Attempts To Rebound: Now What?

Yesterday, investors seemed to have become particularly bullish about the ClickStream Corporation (OTCMKTS:CLIS) stock and sent it soaring by as much as 16%.

Market Action:

On Tuesday, CLIS stock gained 16.19% at $0.0610 with more than 430.38K shares, compared to its average volume of 758.26K shares. The stock has moved within a range of $0.0520 – 0.0641 after opening the trade at $0.0520.

Major Trigger:

There was no fresh news about the company yesterday and in this context, it might be a good idea for investors to take a look at developments from last week. The company announced last week that while its HeyPal app was experiencing strong growth, the same sort of growth had been seen in the WinQuik app. The engagement and user base of the WinQuik app have also grown considerable and ClickStream noted that the app was getting ‘record setting’ attention.

The company reported last week that the app had got as many as 3200 active daily users and more importantly, on an average, each user was spending as much as 10 minutes on the app during each visit. As far as the industry standard is concerned, those are strong numbers and the optimism about the ClickStream stock among investors is hence understandable. At this point in time, it is going to be interesting to see if the stock can continue to add to its gains over the coming days.