Why Is Moovly Media Inc. (MVVYF) (CVE:MVY) Moving Up Sharply?

Moovly Media Inc. (OTCMKTS:MVVYF) (CVE:MVY) is moving up sharply in the morning session as investors are cheering the news.

Market Action

In the opening session, MVVYF stock soared 39% at $0.2070. The stock has traded 142k shares compared to its average volume of 233K shares.  The stock opened at $0.18 and moved in a range of $0.1800 – 0.2125.

Major Trigger:

Moovly Signs Reseller Partner Agreement with SFA Dubai

Key Highlights:

  • Moovly Media announced that it has signed a reseller and partnership agreement with UAE based SFA Dubai.
  • SFA Dubai is specialized in business support and market access services focusing on Arabic speaking countries e.g., United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Egypt.
  • SFA accelerates international client access across several industries in gulf region with more than three decades of expertise and offices in both Dubai and Cairo.
  • Through this business relationship Moovly is working with Ms. Janina Shen (SFA’s Dubai Team leader) and the Global Schools Program, an initiative of the United Nations Sustainable Development Solutions Network (SDSN) with 170 advocates / educators in over 70 countries.

Key Quote:

Moovly CEO Brendon Grunewald said, “Through the partnership with SFA Dubai, Moovly has gained a partner to help accelerate our sales and market presence in the GCC countries and assist with localization like language and cultural adaptations – especially given the recent growth in demand for our platform in Arabic.”

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