This past Friday Labor Smart Inc (OTCMKTS:LTNC) seemed to have come into considerable focus among investors and ended the day with gains of as much as 20%.
On Friday, LTNC stock surged 19% at $0.0025 with more than 3.39 million shares, compared to its average volume of 41.44 million shares. The stock has moved within a range of $0.0020 – 0.0030 after opening the trade at $0.0020.
While the gains made by the stock are likely to bring it into focus among investors today, it is perhaps also necessary to keep in mind that there has been no news about the company for many months. In fact, the last time any news emerged about the company was back on August 25 this year. At the time, the company along with its fully owned subsidiary company Takeover Industries made a key announcement with regards to the sort of progress that had been made.
The company announced at the time that after having launched the NXT LVL brand only four months ago, it had managed to launch as many as three new products that were meant for the United States market.
The three products in question were NXT LVL Hydrogen Water, NXT LVL Up and the Manny Pacquiao Signature Can of NXT LVL Hydrogen Water. That did indicate significant progress and may have come as a source of optimism for many investors. However, the latest rally may not be related to that particular announcement.
LTNC stock is trading below the 20-Day and 50-Day Moving averages of $0.0032 and $0.0047 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0200. The stock is down 16% over the past month.