QuoteMedia Inc (OTCMKTS:QMCI) Stock gains Momentum: Jumps 5%

Financial application and market data providing company QuoteMedia Inc (OTCMKTS:QMCI) was one of the notable movers this past Friday and went up by as much as 5%.

Market Action

On Friday, QMCI stock jumped 4.56% at $0.1788 with more than 3.52k shares, compared to its average volume of 34K shares. The stock has moved within a range of $0.1721 – 0.1788  after opening the trade at $0.1722.

Q3 2021 Financial Results

The company came into the radars of many investors after it made an announcement with regards to its financial results for the third fiscal quarter that had ended back on September 30, 2021. The company announced that it would announce the financial results on November 10, 2021 and the announcement of the date seemed to have led to excitement among investors about QuoteMedia.

In addition to that, the company also announced that it was going to host a conference call with regards to the financial results on the same day. The conference call is going to commence at 2 p.m. Eastern Time and the management of the company will not only have a discussion with regards to the results but also provide a business update.

It should be noted that even if you miss out on attending the conference call, the audio of the same is going to be released on the company website later on. At this point, it remains to be seen if the stock can add to its gains in the lead up to the announcement of its results.

Traders Note

QMCI stock is trading below the 200-Day and 50-Day Moving averages of $0.19 and $0.19 respectively. However, the stock is trading above the 20-Day moving average of $0.18. The stock is down 7% over the past month.

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