Location based mobile based social games creating company Freeze Tag (OTCMKTS:FRZT) saw its stock come into sharp focus yesterday among investors as it ended the day with gains of as much as 18%. In light of such significant gains, it may be a good time for investors to start looking into Freeze Tag a bit more closely.
Market Action
On Monday, FRZT stock surged 17.65% to $0.0265 with 33.40K shares, compared to its average volume of 47.78K shares. The stock has moved within a range of $0.0200 – 0.0265 after opening trade at $0.0220.
Major Details
Yesterday, the stock soared after the Chief Executive Officer of the company provided an update. Craig Holland, the CEO of the company, noted that 2021 was not only a prosperous year but a profitable one as well for Freeze Tag.
Holland noted that a number of lines of businesses at Freeze Tag recorded significant growth in 2021 and in fact, managed to surpass the company’s own expectations. He went to state that specific information with regards to Freeze Tag’s performance later on this year in March.
However, it seems that investors are already excited by the positive update provided by the company’s CEO and decided to jump on to the stock straightaway. At this point in time, it may be a good idea for investors to possibly add the stock to their watch lists and watch out for the price action.
Key Quote
“We are pleased to announce that 2021 was a profitable and prosperous year for Freeze Tag. In 2021, we saw increases in several lines of business that exceeded our expectations,” said Craig Holland, CEO of Freeze Tag. “We will reveal more specific financial information in March when we release our annual report, but our management team is extremely pleased with the financial performance of the company, the dedication of our hard-working staff, and the devotion and support of our loyal players and customers.”
Traders Note
FRZT stock is trading above the 20-Day and 50-Day Moving averages of $0.0249 and $0.0221. Moreover, the stock is trading is the neutral zone with RSI stands at 54. The stock is up 2% over the past month.
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