Yesterday the ECGI Holdings Inc (OTCMKTS:ECGI) stock was trading in a range but at the same time it ought to be noted that stocks which trade in a range can also often break out quite strongly.
Market Action
On Wednesday, ECGI stock ended flat at $0.11 with 10 shares, compared to its average volume of 1.7k shares. The stock moved within a range of $0.1100 – 0.1100 after opening trade at $0.11.
ECGI Issues Shareholder Update Letter From the CEO
Hence, it may be a good idea for investors to consider taking a look at the development with regards to ECGI from Wednesday. It is a portfolio company that is currently trying to make a move into the CBD and legal cannabis spaces. Yesterday, the company’s Chief Executive Officer issued a letter to its shareholders with certain updates.
The letter started off by thanking the patience, commitment and loyalty of the ECGI shareholders. It went on to state that currently the company was engaged in unlocking shareholder value by way of growth potential and also through certain strategic advantages that it enjoys.
It was an important update to the shareholders and something that it is expected to be on the back of the minds of shareholders when they consider the ECGI stock. At this point in time, it may be a good idea to keep the stock in your watch lists and keep an eye on further developments.
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