GenTech Holdings Inc (OTCMKTS:GTEH) Stock Gains Momentum: Jumps 33% In a Week

Investors who have been following the GenTech Holdings Inc (OTCMKTS:GTEH) stock over the course of the past few days might have noticed that the stock has made a strong upward move and clocked gains of as much as 33% in the past week. In light of such significant gains, it might be a good time for investors to take a closer look at the company and some recent developments.

Market Stats

On Thursday, GTEH stock ended flat at to $0.0004 with more than 113.21 million shares, compared to its average volume of 204.83 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trading at $0.0004.

As it happens, the company was actually in the news yesterday after it made an announcement with regards to its performance data for the month of February.

The performance data in question was in relation to the company’s offering Fizzique, which is a form of carbonated protein water. GenTech noted that in the first month since it had actually completed the acquisition of the brand, it had managed to book sales for the product in February in some of the major markets in Middle East, United States and Canada.

Sales had been made in as many as 10 states in the United States and in addition to that, it has also been extended to as many as 10 metropolitan areas in the country.

Traders Corner

GTEH stock is trading below the 20-Day and 50-Day Moving averages of $0.0005 and $0.0006 respectively. However, the stock is trading below the 200-Day moving average of $0.0008.