Iqstel Inc (OTCMKTS:IQST) was one of the biggest gainers on Monday as the stock closed the session at high point of the session.
Market Action
On Monday, IQST stock soared 34% to $0.7425 with more than 4.86 million shares, compared to its average volume of 1.24 million shares. The stock has moved within a range of $ 0.5542 – 0.7500 after opening the trade at $0.56.
Major Trigger:
iQSTEL Announces Independent Board of Directors In Advance Toward Nasdaq Up-Listing
Key Highlights:
- Iqstel 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.
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