Cantech Holding Inc. (OTCMKTS:BSSP) gained 32%, and over the past week, the stock has gained 55%. The company confirmed that it had finalized preparation for filing its current upgrade to pink current with OTC Markets. So far, the company has completed all necessary documentation, including legal opinion and financial statement, and paid fees as required under OTC Markets procedures. Once OTCIQ system approves everything, they will upload the filling immediately for the anticipated up-listing approval.
The plan to retain the current pink sheet listing aims at creating a successful path to revamp the company’s corporate identity.This will allow it to move to the acquisition of operating assets within the holding company. The company has been focusing on proprietary innovations in the drug manufacture and medical sectors. The company has recently received various opportunities from different industries prompting the management to bring the company from dormant status.
Cantech management seeks to develop and create an approach that will enhance its long-term shareholders value. With the move to become pink current and numerous opportunities, BSSP stock is worth watching in the coming months.
Market Reaction:
On Friday, BSSP stock went up 32.61% at $0.0031 with more than 1.33 billion shares, compared to its average volume of 201 million shares. The stock had moved within a range of $0.0022 – 0.0038 after opening the trade at $0.0022. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0053.
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