In recent times investors have been increasingly looking to invest in companies that are involved in the cryptocurrency and blockchain sectors and one of the companies that could be looked into is Net Savings Link Inc. (OTCMKTS:NSAV).
The company is involved in the digital asset technology, blockchain and cryptocurrency spaces and its stock has been a major mover in recent days. On Tuesday, the Net Savings stock soared by 23% and that took its cumulative gains over the course of the past week to as much as 40%. Despite the handsome gains recorded by the Net Savings stock, there has been no news about the company in recent days.
However, earlier on in the month on June 11, the company made an announcement that might have come as a boost for many investors. The company announced that an enhanced amendment to the Articles of Incorporation was approved and by way of that amendment Net Savings management will be prevented from doing a reverse stock split for 10 years.
That is a significant development for those who hold the Net Savings stock considering the fact that there had been rumours about an imminent reverse stock split. It now remains to be seen if the stock can continue to add to its gains today.
Market Reaction:
On Tuesday, NSAV stock went up 23.17% to $0.0101 with more than 33.08 million shares, compared to its average volume of 38.29 million shares. The stock has moved within a range of $0.0082 – 0.0110 after opening the trade at $0.0084 Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0697.
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