CyberloQ Technologies Inc (OTCMKTS:CLOQ) Stock In Focus After Latest Development

Uplisting of a stock to a bigger exchange is almost always seen as a major move for any company and hence, it may be time to take a closer look at the CyberloQ Technologies Inc (OTCMKTS:CLOQ).

Trading Data

On Wednesday, CLOQ stock slid 0.20% to $0.1000 with more than 5.50K shares, compared to volume of 10.03K shares. The stock moved within a range of $0.1000 – 0.1000 after opening trade at $0.1000.

CyberloQ Technologies, Inc. Officially Up-Lists to the OTCQB Exchange and Provides a Detailed Shareholder Update

The company announced yesterday that it had been upgraded to the OTCQB exchange and went on to note that it highlighted the company’s commitment to adhere to the state and federal securities laws in the United States. The uplisting is also significant since it implies that the company is completely transparent with regards to current information and investors can trade the stock with complete confidence.

The company went on to note that it was fortunate to have a strong group of shareholders who were keen to support CyberloQ into transforming its suite of products into a strong SaaS (software as a service) platform. In that context, the board of directors in the company decided to uplist the stock to a larger exchange in order to boost the market presence of the stock as well.

The listing on OTCQB would provide the company with access to greater liquidity and capital for upcoming growth and to take care of expenses which would inevitably arise.