Iqstel Inc (OTCMKTS:IQST) is gaining momentum and moving up in double-digit. The stock has been seeing a nice uptrend since the beginning of the year with a jump of 141%.
Market Action
As of 10:59, IQST stock leaped by 7.35% to $0.5302 with more than 1.03 million shares, compared to its average volume of 1.55 million shares. The stock has moved within a range of $0.5010 – 0.5900 after opening the trade at $0.5020.
Major Trigger:
IQST – iQSTEL Announces Upgrade To OTCQB In Route To NASDAQ Uplisting
Key Highlights:
- IQST announced the company has been upgraded to the OTCQB by OTC Markets.
- iQSTEL is a PCAOB Audited, fully reporting, publicly traded company quoted on the OTC Markets. iQSTEL reported over $44 million in annual sales for 2020 generated from leading edge telecommunications and technology services delivered in 15 countries.
- Management has forecasted and is on track to achieving $60.5 million in revenue for 2021 before any contribution from an ongoing merger and acquisition campaign.
“The OTCQB Qualification we have achieved is milestone that we intend as a demonstration of our commitment to reaching our stated NASDAQ uplisting goal,” said Leandro Iglesias, CEO of iQSTEL, Inc.
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