Shares of AZFL are active and trading higher today. Is a rally in store?
Market Action
AZFL is trading higher as of 11:45 printing at .0047 up .0008 gaining 20.5% on the day. Volume is already 368 million shares, well above its 30 day average. 1962 trades have taken place. If AZFL holds on to its gains, this will only be the second back-to-back green days in a month. Trading has ranged between the open and a high of .0055.
Although there has been no fresh news about Amazonas Florestal Ltd (OTCMKTS:AZFL) this morning investors might do well to take a look at some of the developments from the recent past.
Last month AZFL announced that it submitted all the necessary OTC Markets Disclosures and Financial Reports. The OTC Markets has acknowledged that Amazonas submitted all the quarterly as well as yearly financial reports going back to 2018.
The submissions completed the financial obligations of Amazonas with the OTC Markets and are likely to give it the current status. Once the review is completed, the company could be awarded the status.
The other significant development in relation to Amazonas was an announcement from the company with regards to its reorganization and new business strategy back in February.
As of today, AZFL still has the yield sign on its profile page at OTCMarkets.com but they are profile and transfer agent verified. When the yield sign is replaced with pink sheet current, there may be another pop ahead. Stay tuned and put AZFL on your watch list, because these sub-pennies can take off in a hurry.
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