Coretec Group (OTCMKTS:CRTG) Stock Moves Up Ahead of Investor Conference Call
Shares of Coretec Group (OTCMKTS:CRTG) closed higher on unusual volume ahead of investor conference call.
Market Action:
On Friday, CRTG stock jumped 37.50% at $0.0880 with more than 1.42 million shares, compared to its average volume of 299.62K shares. The stock has moved within a range of $0.0600 – 0.0880 after opening the trade at $0.0650.
Company News
Engineered silicon and 3D volumetric displays developer, Coretec Group (OTCMKTS:CRTG), has just included Douglas W. Freitag as a new member of their board of directors. Victor Keen, Director, co-chairperson of the board, states that Doug’s expertise in technology and connecting companies with government agencies and funding sources, will prove to be invaluable.
Mr. Freitag has close to four decades of experience in developing, commercializing, and financing new technologies. Back in 1993, he had formed Bayside Materials Technology (BMT) for supporting academia, investors, and industry with the process of identifying, creating, and commercializing new technologies where the Federal Government plays a role, either as an investor, regulator, or user. He has a technical background with a B.S. and M.S. in Mechanical Engineering from Purdue University and holds Secret level DOD clearance. He is excited to join Coretec Group as a director, and believes there is vast potential in the company.
In other news, the Coretec Group has announced a shareholder call to be held at November 17, 2021 at 10 AM EST. The purpose of this call is a Q&A session hosted by Matthew Kappers, Chief Executive Officer, Matthew Hoffman, Chief Financial Officer, and Simon Calton, Director, to talk about the company’s achievements and future endeavors. There has been a whopping $6 million investment in the company, while they have inked research agreements with important partners and expanded their patent portfolio too.
Traders Corner
CRTG stock is trading below the 200-Day and 50-Day Moving averages of $0.1283 and $0.0905 respectively. However, the stock is trading above 20-Day moving average of $0.0756. The stock is up 25% in the past week.
