Financial technology and software development firm APT Systems Inc (OTCMKTS:APTY) has seen its stock go through a pretty tough time over the course of the past week.
Over the course of the past week, the APT Systems stock has declined by as much as 35% and it is perhaps time for investors to figure out if the latest decline could be an opportunity to get into it. Earlier on this week, the company announced that it actually concluded the very first unofficial phase in its quest to achieving compliance with the markets.
The company stated that it is currently trying to be compliant with the provisions of the Exchange Act Rule 15c2-11 of the United States Securities and Exchange Commission. These are important regulations and are aimed at enhancing transparency as well as providing more protection to investors on the OTC Markets.
The application fees as well as company information have been submitted by APT Systems to the OTC. However, it is only the beginning of the process. At the final stage, the company is going to be registered by OTC and APT Systems is also going to be given access to the Disclosure and New Service portal of the OTC.
Market Reaction:
On Wednesday, APTY stock moved down 15.45% to $0.0093 with more than 104.65 million shares, compared to its average volume of 65.57 million shares. The stock has moved within a range of $0.0085 – 0.0124 after opening the trade at $0.0124. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0185.
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