This morning the Reflect Scientific Inc (OTCMKTS:RSCF) stock could be in focus among many investors considering the fact that yesterday it had ended with gains of as much as 5%.
Market Action:
On Thursday, RSCF stock rose 4.82% at $0.2895 with more than 85.85K shares, compared to its average volume of 68.82K shares. The stock has moved within a range of $0.2800 – 0.3000 after opening the trade at $0.2823.
Successfully Up-lists to OTCQB Venture Market
In light of that, it might be necessary for investors to take a look at the announcement made by the company. Reflect Scientific, which is best known for providing products and services to the biotech and pharmaceutical sectors, announced yesterday that its stock had been uplisted to OTCQB trading status. In fact, the uplisting went into effect at the beginning of trading on Thursday. It goes without saying that it was a significant development for the company and one that could have a long term positive effect on the stock.
An uplisting of this nature is almost always a major positive for a company and it is the same with regards to Reflect Scientific. It is going to be particularly important for the company’s growth since the uplisting is going to give the Reflect Scientific stock the exposure to a much larger pool of investors. When that happens, potentially more money might flow into the stock. The exchange in question is operated by the OTC Markets Group Inc.
Traders Note:
RSCF stock is trading above the 20-Day and 50-Day Moving averages of $0.27 and $0.29 respectively. However, the stock is trading below 200-Day moving average of $0.31. The stock is up 11% in the past month.
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