Drone Guarder Inc (OTCMKTS:DRNG) Stock Continues to Move Higher: But Why?

One of the stocks that investors could look into this morning is that of the electric vehicle and battery technology company Drone Guarder Inc (OTCMKTS:DRNG).

Over the course of the past week the Drone Guarder Inc stock has been in the middle of a steady upward move and has managed to deliver gains of as much as 8%. There has been no news about the company in the past week but it might be a good to keep in mind that in mid-July Video River Networks had announced that it signed an agreement with regards to the acquisition of the company Drone Guarder Inc.

It is a significant development for the company considering the nature of the business in which Drone Guarder is involved. Drone Guarder is involved in the surveillance and security space, but it is also focussed on the commercialization of drone and artificial intelligence technology.

Hence, it is not surprise that the Video River Networks has managed to garner considerable attention from many investors in recent days. It should be noted that Drone Guarder is going to operate as an independent entity after the acquisition is completed with Adam Taylor remaining in his position as the Chief Executive Officer and President.

Market Reaction:

On Monday, DRNG stock gained 3.33% at $0.0062 with more than 251.13 million shares, compared to its average volume of 129.14 million shares. The stock has moved within a range of $0.0054 – 0.0070 after opening the trade at $0.0060. Over the past 52-week, the stock has been trading within a range of $0.0002 – 0.0098.

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