Kontrol Technologies Corp. (OTCMKTS:KNRLF) Stock Makes An Interesting Jump After A New Order
Kontrol Technologies Corp. (OTCMKTS:KNRLF) stock is rebounding this morning after falling about 25% last week. Will the rally continue?
Market Action
In early session, KNRLF stock soared 13% at $1.79. More than 15K shares have exchanged hands, below its average volume of 37K shares. The stock opened at $1.57 and moved in a range of $1.5767 – 1.8100.
Kontrol Technologies receives initial BioCloud order from International HVAC Company
Here are the highlights:
has received an initial BioCloud order, following the signing of a Memorandum of Understanding (“MOU”) with an international heating, cooling and ventilation (“HVAC Company”) on September 21st, 2021. Kontrol and the HVAC Company continue to work towards a definitive distribution agreement and the potential of international manufacturing. The HVAC company is part of large global industrial conglomerate which designs, manufactures, and distributes its proprietary products through more than 30,000 distributors globally.
Steelcase Update: The Steelcase distributor launch is planned for mid October. To date initial training, marketing materials and product pages have been established. Steelcase is a leading office technology solutions company and trades on the NYSE.
Marshall Communications: BioCloud will be showcased in Washington, DC with Marshall Communications to support meetings and presentations to various Government and USA military officials on October 11th, 2021.
Key Quote:
“In a short period of time BioCloud has grown into a recognized air quality brand and as we launch with or strategic distribution and scaling partners, we look forward to being part of the solution for creating safer spaces,” said Paul Ghezzi, CEO of Kontrol.
“With a growing portfolio of technology solutions to address the important challenges our customers face, including energy management, lower GHG emissions and improved air quality for the built environment, we are well positioned to continue to execute on our strategic vision,” continues Ghezzi.
Trader Notes:
KNRLF stock has underperformed recently with a fall of over 26% in the past 6-month. On the technical basis, the stock is trading below its 20-day and 20-Day SMA stand at $1.85 and $1.81 respectively. Moreover, RSI at 50 signals that the stock is trading near the neutral zone.
