When a stock makes a steady upward move over the course of a few weeks, then it is perhaps time for investors to sit up and take notice. The TrustBIX Inc (OTCMKTS:TBIXF) stock is a prime example considering the fact that it has performed strongly over the course of the past month and clocked gains of as much as 15%.
Market Action
On Monday, TBIXF stock ended flat at $0.15 with 2.4K shares, compared to its average volume of 3.3K shares. The stock has moved within a range of $0.1500 – 0.1500 after opening trade at $0.15.
TrustBix Inc. Announces P&C Ventures as Strategic Advisors
In light of such gains, it may be a good idea for investors to look into the latest development with regards to TrustBIX. Yesterday, the company was actually in the news after it announced that it had hired new strategic advisors in the form of P&C Ventures Inc.
The appointment of a strategic advisor is a significant development for any company and it is going to be interesting to see if the development can lead to a major long term boost for TrustBIX or not. In this context, it is perhaps also necessary to keep in mind that P&C Ventures has a lot of industry specific background and in addition to corporate strategy, it also has a lot of experience in mergers and acquisitions as well.
At this point, it remains to be seen if the stock can manage to add to its gains this week.
Key Quote
“I am thrilled to be working with P&C to leverage their invaluable experience and global network in helping us to achieve our goals,” said Hubert Lau, CEO. “We are also pleased that the partners of P&C have both personally invested in TrustBIX’s private placement that closed on December 31, 2021.”
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