IIOT-OXYS Inc (OTCMKTS:ITOX) Stock Moves in a Range: Now What?

Last Friday, IIOT-OXYS Inc (OTCMKTS:ITOX) was in the news after the company made a key announcement but it did not do much for the stock, which continued to trade in a range. The company revealed on October 22 that it had inked a non-disclosure agreement with a strategic medical component maker, which is based out of New England.

Market Action:

On Friday, ITOX stock fell 2.86% at $0.0136 with more than 851.09K shares, compared to its average volume of 2.51 million shares. The stock has moved within a range of $0.0125 – 0.0142 after opening the trade at $0.0140.

Key News

The Chief Executive Officer of IIOT-OXYS Cliff Emmons spoke about the development as well. He stated that the medical equipment manufacturer is a highly innovative company and everyone at IIOT-OXYS was pleased at the possibility of working with it.

He went on to add that the management team at the New England based company are well aware of modern technologies. Hence, IIOT-OXYS is looking forward to see how its machine learning and edge computing solutions can help in creating greater value.

In this context, investors need to keep in mind that the non-disclosure agreement that was signed by IIOT-OXYS was the fifth such agreement that had been signed by the company. Hence, it could be argued that the company is moving in the right direction and now it remains to be seen if these developments help in bringing about a boost to the IIOT-OXYS stock or not.