There has not been any news about Metrospaces Inc (OTCMKTS:MSPC) over the past week but that has not stopped the stock from tanking by as much as 15% during the period.
However, back on July 15 the company had actually made a significant announcement and it might be a good move for investors to perhaps take a closer look into it. The company announced that it was going to develop as many as 9 luxury villas in addition to a home spanning 4000 sq ft. All those properties are then going to be added to the Co-Living platform that is owned by Metrospaces.
The Co-Living platform named MetroHouse is going to be launched by the company on September 15 this year and at this point in time the company is involved in acquiring properties that it is going to add to it. Metrospaces has decided to be primarily focussed on such cities which are destinations for digital nomads and are also secondary cities. One of the locations to have been chosen by Metrospaces is the Dominican Republic, which is currently regarded as one of the better known destinations for digital nomads. Despite the fall in the stock, Metrospaces could be a company worth adding to the watch lists.
Market Reaction:
On Monday, MSPC stock ended flat at $0.0019 with more than 218.21 million shares, compared to its average volume of 441.49 million shares. The stock has moved within a range of $0.0018 – 0.0020 after opening the trade at $0.0020. Over the past 52-week, the stock has been trading within a range of $0.0000 – 0.0033.
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