It could be a good move for investors to perhaps start tracking the American Film Inc (OTCMKTS:AMFL) stock today after the developments from yesterday. Although it is true that the American Film stock was trading in a range, it might well be the right time to start tracking it.
Market Action:
On Thursday, AMFL stock surged 1.59% at $0.6400 with more than 35.90K shares, compared to its average volume of 5.36K shares. The stock has moved within a range of $0.4300 – 0.7000 after opening the trade at $0.7000.
Announce Partnership, Pairing Blockchain-Based Asset Digitization With IP Value Enhancement and Film Production
Yesterday, it was announced that the company got into a partnership with the company Wazuzu Inc for the purpose of enhancing the value of its film production work as well as that of its intellectual property platform. It was a significant announcement from the company considering the fact that the partnership could have a far-reaching impact on American Film’s business.
In this context, it is perhaps important for investors to take a closer look at Wazuzu and the nature of its business. The company is best known for its financial markets and blockchain-powered asset digitization expertise. By way of this partnership, Wazuzu is going to help American Film in digitizing its intellectual property and thereby potentially boost its value considerably. Hence, it now remains to be seen if the market reacts to the news today or not. It could be interesting to see if the stock does manage to break out.
Key Quote:
“With the addition of the Wazuzu asset digitization team and its compliance-focused financial markets experience, American Films now offers shareholders and investors unprecedented value and opportunities. STO and NFT issuance are a natural extension of AMFL’s mission to enhance the value of IP on behalf of copyright holders,” said Craig Campbell, the company’s treasurer and chief financial officer.
 Stock Continues to Trade in a Range){kind=link}