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Puget Technologies (OTCMKTS:PUGE) Stock Continues to Move Higher After New Appointment

Ash K , , , ,

Shares of Puget Technologies (OTCMKTS:PUGE) extended its rally in the previous trading session and up 8% in a Week.

Market Stats

On Tuesday, PUGE stock moved up 3.60% at $0.0124 with more than 56.86 million shares, compared to its average volume of 143.60 million shares. The stock has moved within a range of $0.0118 – 0.0125 after opening the trade at $0.0125.

Latest News

Puget Technologies (OTCMKTS:PUGE ) has announced today about the appointment of Professor John (Jay) Shiver of George Mason University and former Florida State Senator Nancy Detert, as independent members of their Board of Directors. Their terms begin right after the conclusion of the company’s present Limited Securities Offering concurrently with the initiation of coverage under an officers and directors liability insurance policy. Karen Fordham, Puget’s President & CEO, has also been formally elected as a member of the Board of Directors.

John (Jay) Shiver, MHA, age 75, is an assistant professor and the Undergraduate Coordinator of Health Administration and Policy at George Mason University, where he teaches in both graduate and undergraduate programs. He has vast experience in the healthcare industry for over 30 years. On the other hand, Nancy C. Detert has served as a member of the Sarasota County Commission since 2016. During 2016, she was a candidate for the United States House of Representatives in Florida’s 13th Congressional District.

The decision to appoint new Board members was taken after the Annual Shareholder’s Meeting held on June 7, 2021, where shareholders ratified the recommendation that Puget’s board be expanded to nine or more members, at least three of whom should be independent so that audit, nominating, and compensation committees could be implemented as envisioned by Puget’s articles of incorporation and bylaws.

Traders Corner

PUGE stock is trading above the 50-Day and 200-Day Moving averages of $0.0113 and $0.0078 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.0040. The stock is up 463% in the past 3-month.