CB Scientific Inc (OTCMKTS:CBSC) Stock Gains Momentum: Jumps 8%

Remote ECG cardiac monitoring services and products supplying company CB Scientific Inc (OTCMKTS:CBSC) was in focus among investors yesterday and saw its stock jump by as much as 8% as a consequence.

Market Action

On Tuesday, CBSC stock  jumped 11% at $0.27 with more than 105k shares, compared to its average volume of 29K shares. The stock has moved within a range of $0.2650 – 0.2700 after opening the trade at $0.2650.

Addition of Brooke Martellaro as Chief Financial Officer

Yesterday, the company was actually in the news after it announced that it appointed a new Chief Financial Officer in the form of Brooke Martellaro. The appointment went into effect immediately. Martellaro is a seasoned executive who started her career at Arthur Andersen and then went on to work with other well known firms as her career progressed. Some of the firms she worked at include Dex Media, Jones Intercable and Qwest Communications International among others.

In all those companies Martellaro had progressed with regards to her position in the corporate ladder. Eventually, she established her own consulting practice and advised companies across a range of industries. Hence, it goes without saying that it is an appointment that could be a big boost for CB Scientific in the long term. As a result, it is also easy to see why investors might be excited about the appointment. At this point in time, it could be a good idea for investors to add the stock to their watch lists.  

Key Quote

“We feel quite fortunate to have attracted a talented senior financial executive with such exceptional professional credentials,” said Charles Martin, Chief Executive Officer of CB Scientific. “Her deep working knowledge and extensive experience in the areas of budgeting, forecasting, business planning, strategic communication, financial strategy, regulatory compliance, and SEC reporting is truly remarkable, and we expect it will add significant tangible value to our leadership team, now and in the future.”

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