Symmetry Technologies (OTCMKTS:SMMR) Stock Soars 85% In a Week: Company Appoints New Board Member and CEO

Symmetry Technologies (OTCMKTS:SMMR), which is currently known as U.C. Inc, has seen its stock make a massive move over the course of the past week. During the period it has clocked gains of as much as 85% and in light of such enormous gains, it could be the right time for investors to take a closer look.

Market Action

On Friday, SMMR stock ended flat at $0.32 with 47.7k shares, compared to its average volume of 12.61K shares. The stock moved within a range of $0.3200 – 0.3200 after opening trade at $0.32.

U C, Inc., SMMR, Appoints New Board Member and CEO

As it happens, the company was actually in the news yesterday after it announced that it had appointed a new Chief Executive Officer, member of the Board and corporate treasurer in the form of David Reckles. The appointment actually went into effect on February 14, 2022.

It was a major new announcement from the company and it is going to be interesting to see how the market responds to the piece of news. Reckles is an interesting appointment considering the fact that he has been involved in the private level CBD and hemp making industries over the course of the past previous three years.

It is believed that his experience is going to prove to be pivotal for Symmetry Technologies in the near term. It may be a good time for investors to perhaps start tracking the stock.

Traders Note

SMMR stock is trading above the 20-Day and 50-Day Moving averages of $0.02339 and $0.2491. Moreover, the stock is trading is the neutral zone with RSI stands at 65.

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