During the course of the past one month, the Pareteum Corporation (OTCMKTS:TEUM) stock has suffered from a strong selloff and it is perhaps time for investors to take a closer look at the situation.
On Friday, TEUM stock ended flat at $0.0200 with more than 6.3K shares, compared to its average volume of 434K shares. The stock has moved within a range of $0.0200 – 0.0200 after opening trade at $0.0200.
Recent Press Releases
During this period, the Pareteum stock has declined by as much as 50% and perhaps it is time to figure out for investors if the decline could be a buying opportunity or not. In this context, it should be noted that there has been no news about the company in recent week but back on October 1 this year, Pareteum had made a major announcement.
The company, which is best known for providing Cloud Communication platform as a services or CaaS, announced at the time that it was looking into a number of strategic alternatives in order to tackle its continued liquidity issues.
Pareteum announced that it was exploring a number of options. Some of those options included a merger or sale. In addition to that, the options to restructure its transactions or getting more financing were also two options that the company was considering. At this point, it remains to be seen how the company tides over this crisis.
TEUM stock is trading below the 20-Day and 50-Day Moving averages of $0.0600 and $0.0975. Moreover, the stock is trading below the 200-Day moving average of $0.03. The stock is down 35% over the past month.