iQSTEL Inc. (IQST) stock Jumps To Multi-Month High on Unusual Volume

iQSTEL Inc. (OTCMKTS:IQST) stock is witnessing a strong rally in the early morning session on Monday after the news.

Market Action

As of 10:25, IQST stock moved up 15% to $0.6375 with more than 1.31 million shares, compared to its average volume of 1.24 million shares. The stock has moved within a range of $0.5542 – 0.6400 after opening the trade at $0.56.

Major Trigger:

iQSTEL Announces Independent Board of Directors In Advance Toward Nasdaq Up-Listing

Key Highlights:

  • IQST announced the addition of three new members to the Board of Directors, each bringing an exceptional list of career accolades backed with extensive experience in the telecommunications and technology industries, and in the finance, accounting, legal and regulatory management disciplines.
  • As of July 1, 2021, with the official addition of the three new independent Board Members, iQSTEL’s Board of Directors will be majority independent meeting another one of Nasdaq’s listing requirements advancing iQSTEL one more step toward its up-listing objective.
  • iQSTEL continues with its current high growth telecommunications and technology business plan expanding upon a solid operational foundation that generated over $44 million in revenue in 2020, now driving toward a forecasted $60.5 million in revenue for 2021 developing new high margin products and services that include MNPA (BlockChain), IoTSmartTank, Visa/Mastercard debit card, Cryptocurrencies Exchange Services, Remittances, EV Batteries solutions, EV Charging, and EV IoT Connectivity.

Key Quote:

Leandro Iglesias, the iQSTEL CEO and Chairman of the Board of Directors, commented on the addition of the new board members: “We are honored to have these three gentlemen and outstanding executives join our Board of Directors. They bring a long history of experience and a correspondingly deep knowledge base in key fields essential to iQSTEL’s continued growth and expansion. Their respective backgrounds include an enriching fluency in US and Latin American cultures. All of them have an ideal mix of High C-Level Executive Management and Entrepreneurial experiences. iQSTEL, now having an Independent Board of Directors is well prepared to execute upon its business plan objectives scheduled for Q3.”

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