In recent times, the Metrospaces Inc (OTCMKTS:MSPC) stock emerged as a notable gainer but on Wednesday, the situation changed quickly as investors decided to take their profits. That sparked a selloff in the stock and it tanked by as much as 16%.
However, this decline could also prove to be an opportunity for anyone who might be interested in the Metrospaces stock and hence it might be important to take a look at some of the new developments. Earlier on in the week, the company announced that Daniel Silva left is his position of Chief Executive Officer. At this point, Oscar Brito is going to serve as the interim CEO of Metrospaces.
In addition to that, it is also necessary to point out that Brito is also going to serve as the only board member at Metrospaces. In addition to that, the preferred control Series B shares that had been held by Silva were also sold off to GBS Capital Partners. GBS is managed by Oscar Brito and following this sale, Silva will only remain as a minority shareholder in the company. Earlier on this month, the company had also announced that it made a minority strategic investment in the health and wellness products company Good Hemp Inc.
Market Reaction:
On Wednesday, MSPC stock fell 16% to $0.0013 with more than 713.56 million shares, compared to its average volume of 333.03 million shares. The stock has moved within a range of $0.0012 – 0.0016 after opening the trade at $0.0016. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0033.
 Stock Falls On Profit Booking: Time to Buy?){kind=link}