RDE Inc. (OTCMKTS:RSTN) Stock Jumps After Partnering With Takeout7

RDE Inc. (OTCMKTS:RSTN) was up 17% after the Retaurnat.com owner and operator announced a partnership with TakeOut7. TakeOut7 is an all-in-one online platform that offers restaurants online ordering marketing and delivery.

Market Stats

On Wednesday, RSTN stock soared 17.63% to $0.60 with 1.4k shares, compared to its average volume of 8.4K shares. The stock moved within a range of $0.3601 – 0.5999 after opening trading at $0.36.

RDE, Inc.’s Restaurant.com Partners with Takeout7 to Add Online Ordering and Delivery to its Platform

RDE CEO Ketan Thakker stated that the agreement allows RDE to expand its platform’s capabilities while also giving partner restaurants more tools to connect and service their customers. Thakker added that TakeOut7’s expansive delivery and best-in-class digital ordering network of Lyft, Uber Eats, Point Pickup, Skipcart, and DoorDash are big value-additions that to the restaurants RDE seek.

Commenting on the partnership, TakeOut7 CEO and Co-founder Anurag Ahuja stated that Restaurant.com had created a fantastic platform that helps local eateries all across the country acquire and keep consumers. In addition, TakeOut7’s digital ordering, marketing, and delivery solutions are a perfect fit, giving restaurants, even more control over their operations. We’re excited to work with Restaurant.com and get this up and running. So in the coming days, investors should watch RSTN.

Key Quote

Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, “The partnership enables us to further extend our platform capabilities and provide our restaurants additional tools to engage and service our consumers. TakeOut7’s best-in-class online ordering and coast-to-coast delivery network of Uber Eats, Lyft, DoorDash, Point Pickup and Skipcart are huge value-adds that our restaurants desire.”

Traders Corner

RSTN stock is trading above the 10-Day and 20-Day Moving averages of $0.5860 and $0.5715 respectively. However, the stock is trading below the 200-Day moving average of $1.82.