PCT Ltd (OTCMKTS:PCTL) Stock Jumps Again: Doubled in a Week
If you are on the lookout for significant gainers over the course of the past few days, then it might be difficult to look past the PCT Ltd (OTCMKTS:PCTL) stock. Yesterday, the PCT stock jumped by 27% following a key announcement from the company and those gains took the cumulative gains clocked by the stock to as much as 97%.
Market Stats
On Tuesday, PCTL stock soared 27.27% at $0.0168 with more than 29.76 million shares, compared to its average volume of 3.77 million shares. The stock has moved within a range of $0.0125 – 0.0185 after opening trading at $0.0134.
Latest News
Hence, it might be the right time to take a look at the announcement from Tuesday. The company made a joint statement with Nano Gas Technologies with regards to the development of a joint technology that has been designed for the purpose of providing eco-friendly solutions to the oil and gas industry.
It should be noted that the patent for the technology is still pending. However, it goes without saying that the technology could prove to be important for the vast oil and gas industry.
It should be noted that over the past many months, the technology has been tested extensively on PCT’s Catholyte and the results have proven to be ‘excellent’. Hence the excitement among investors following yesterday’s announcement was understandable. At this point, it remains to be seen if the PCT stock can continue to add to its gains today.
Key Quote
Gary Grieco, President/CEO of PCTL, stated, “By incorporating Nano Gas technology, we found a process that greatly enhanced our already successful specialty product Catholyte. Once we received third-party verification of the unique properties of our fluids, we began field testing. The results have been so positive that we filed a patent-pending with the U.S. Patent Office.”