The financial technology and software development company APT Systems Inc (OTCMKTS:APTY) has been one of the stocks in focus this week and the rally in the stock continued on Thursday. There was no fresh news about the company yesterday but it ended the day with gains of as much as 15%.
However, earlier on in the week the company did make a major announcement that might have led to the focus on the APT Systems stock. On June 21, APT Systems revealed that it had taken the initial unofficial steps by way of which it hopes to get compliant with the provisions of the Exchange Act Rule 15c2-11 of the United States Securities and Exchange Commission.
This is an important regulation since it is believed that it will not only bring more protection for investors in the OTC Markets but also result in more transparency. Once the process is complete then the company’s stock will no longer be in any danger of being delisted from the exchange.
APT Systems has revealed that it is determined to complete the whole process in a timely manner. The application fees and company information has already been supplied to the OTC markets by APT Systems.
Market Reaction:
On Thursday, APTY stock went up 15% to $0.0107 with more than 94.08 million shares, compared to its average volume of 66.64 million shares. The stock has moved within a range of $0.0083 – 0.0119 after opening the trade at $0.0095. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0185.
 Stock Moves Up: How Far Can it Go?){kind=link}