When a stock makes a recovery after having gone through a slump, it is often a good idea for investors to take a look. That is what happened with the GGTOOR Inc (OTCMKTS:GTOR) stock on Monday as it attracted interest from investors and ended up with gains of as much as 4% for the day.
On Monday, GTOR stock ended higher by 4.26% to $0.0245 with 2.77 million shares, compared to its average volume of 2.23 million shares. The stock has moved within a range of $0.0200 – 0.0318 after opening trade at $0.0230.
Management Report for the Week Ended December 25, 2021
However, at the same time, it should not be forgotten that the stock had also suffered from a selloff in the previous days and is still down by 12% in the past week. Yesterday, the stock came into focus after it released its management report for the week that had ended on December 25, 2021.
The numbers released in the report must have come as a source of significant encouragement for investors and that may have led to the rally. GGTOOR announced in the report that this weekend it had as many as six events on Top Cut and that made up as many as 2700 player registrations.
The company went on to state that the turnout at the events helped GGTOOR in ending the year on a strong footing. At this point, it may be a good move to add the stock to your watch lists.
GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0270 and $0.0274. Moreover, the stock is trading is the overbought zone with RSI stands at 42.