As another new trading week begins, it may be a good time for investors to consider looking into the Ascent Solar Technologies Inc (OTCMKTS:ASTI) stock. This past Friday, the stock had come into focus and recorded gains 3%.
Market Action
On Friday, ASTI stock jumped 3% to $0.0069 with 20.07 million shares, compared to its average volume of 49.80 million shares. The stock has moved within a range of $0.0065 – 0.0077 after opening trade at $0.0071.
Major News
However at the same time it is also necessary to keep I mind that in the past week the stock has declined by as much as 15%. While the movement in the stock may attract attention, it is perhaps also necessary to remember that there has been no news about the company in the past week.
The last time any news emerged about Ascent Solar was back on November 8 this year when the company announced that it BD1 Investment Holding completed its funding commitment to the company by providing an additional $5 million. The total funding commitment was for $10 million.
The commitment for the funds had been made as part of a securities purchase agreement that had been put in place between the two entities back in August this year. It should be noted in this context that BD1 is the biggest shareholder in the company at this point in time and the first payment of $5 million had been done in September 2021.
Traders Note
ASTI stock is trading above the 20-Day and 50-Day Moving averages of $0.0105 and $0.0123. Moreover, the stock is trading above the 200-Day moving average of $0.0219. The stock is down 57% over the past month.
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