When a company provides key updates with regards to its operations it often leads to a move in the stock one way or another depending on how investors feel.
Market Action
On Thursday, CRFQF stock ended flat at $0.2485 with 6.5K shares, compared to its average volume of 151 shares. The stock has moved within a range of $0.2485 – 0.2485 after opening trade at $0.2485.
Zedcor Inc. Announces Expanded Fleet of MobileyeZ Security Towers, Fixed Monitoring and National Expansion Update
However, such a thing did not happen with the Zedcor Inc (OTCMKTS:CRFQF) (CVE:ZDC) stock on Thursday after the company provided some key updates. The company noted that it had managed to expand its fleet of MobileyeZ Security Towers, carried on growing its Lower Mainland branch and last but not the least, strongly utilised its security flower fleet in the fourth fiscal quarter of 2021.
The President and Chief Executive Officer of the company, Todd Ziniuk, spoke about the situation at Zedcor. He stated that in 2021, the company had been successful in boosting the size of the MobileyeZ fleet by almost 100%. In addition to that, Ziniuk also noted that Zedcor had also managed to bring about expansion in the British Columbia Lower Mainland.
He also noted that he was ‘very excited’ with regard to the prospects of Zedcor in 2022. Despite trading in a range, it may be the right time for investors to consider keeping track of the stock and watch for any break outs.
Key Quote
“After a busy 2021 where we almost doubled the size of our MobileyeZ fleet, expanded to the British Columbia Lower Mainland and gained traction on our fixed monitoring services, I am very excited for 2022,” said Todd Ziniuk, President and CEO. “We have assembled a great team that is ready to ramp up and help our customers. We have also placed orders to double the size of the MobileyeZ fleet in 2022 and expand our services to Ontario.”
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