On Tuesday, there was not a lot of movement in the Cordia Corporation (OTCMKTS:CORG) stock and it traded within a range. However, at the same time, it is perhaps necessary for investors to keep in mind that the company did make a major announcement yesterday and it is something that one could look into.
Market Action
On Tuesday, CORG stock ended flat at $0.17 with 200 shares, compared to its average volume of 10.95k shares. The stock has moved within a range of $0.1700 – 0.1700 after opening trade at $0.17.
Cordia Announces Crypto Food Hall NFT Collection
Cordia announced yesterday that it had decided to launch a new NFT (non-fungible token) collection named Crypto Food Hall. NFTs have emerged as one of the more lucrative niches in the crypto space over the course of the past and hence, the announcement from the company was a significant one.
The Crypto Food Hall NFT collection seeks to offer a range of food items, chefs and locations by way of the metaverse for a real life virtual experience. Cordia Corporation noted that it was going to announce the list of the first list of as many as 1000 chefs later on this month. While it is true that the announcement did not lead to much of a move in the stock, it is necessary for investors to keep in mind that the development could be a significant one for Cordia in the long run.
Key Quote
“Based on our past experience of operating restaurants and developing virtual menus, we recognize there is a growing need for demand generation by today’s independent restaurant operators. We have always believed that crypto and now NFTs can help bring new customers to local restaurants. Our Crypto Food Hall provides a very cost effective and inexpensive solution for restaurants to embrace NFTs without any difficulties associated with building and maintaining a collection,” said Peter Klamka, President of Cordia Corporation.
Traders Note
CORG stock is trading above the 10-Day and 20-Day Moving averages of $0.1670 and $0.1685. Moreover, the stock is trading is the neutral zone with RSI stands at 50.
 Stock Continues to Trade in a Narrow Range){kind=link}