OPTEC International Inc (OTCMKTS:OPTI) Stock Continues to Fall; What Next?

Last week OPTEC International Inc (OTCMKTS:OPTI) investors did not have a pleasant time in the markets as the company’s stock continued to slide. The carnage continued on Friday as the OPTEC stock slid by another 7% and took its losses for the previous week to as much as 20%.

Market Action:

On Friday, OPTI stock slid 6.63% at $0.0155 with more than 24.55 million shares, compared to its average volume of 16.51 million shares. The stock has moved within a range of $0.0153 – 0.0172 after opening the trade at $0.0172.

Recent News

On Friday the company made an announcement with regards to the summary annual review for the period starting from July 1 2020 to June 30 2021. The aforementioned period in question actually represents the fiscal year at OPTEC in the past. Recently, the company changed its fiscal year to December 31.

The next quarterly report from OPTEC is going to be due on November 15, 2021 for the period that had ended on September 30, 2021. OPTEC noted on Friday that the report is going to be designated as the third quarter report.

The filing for the period ending on December 31, 2021 will be the updated Annual 10K. It was a significant announcement from OPTEC and may have cleared up a lot of doubts that investors may have had. However, the stock continued to slide even after the announcement. Investors could keep an eye on the stock today and see if it can recover.

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