Yesterday, Coro Global Inc (OTCMKTS:CGLO) was one of the companies that came into focus among investors in a big way following a major new announcement. Rudolf Huppi and Lou Naser, who are shareholders in the company, announced yesterday that they had got the nominations for being elected to the Board of Directors at the company.
Market Action
On Tuesday, CGLO stock ended flat at $0.0020 with 100 shares, compared to its average volume of 2.17K shares. The stock moved within a range of $0.0020 – 0.0020 after opening trade at $0.0020.
Former Independent Directors of Coro Global Inc. Issue Open Letter to Stockholders in Connection with Upcoming Annual Meeting
The election with regards to the same is going to take place at the Annual Meeting of Shareholders for 2022 that is going to be held on April 11, 2022. It ought to be noted that Huppi owns 30,000 shares in Coro Global, while Naser holds 56,000 shares.
In addition to that, both had served as independent directors at the company from back in June 2020 up until August last year. As a matter of fact, Naser had even served as the Chairman of the Board of Directors at Coro Global from January to August last year. Hence, it is going to be interesting to see if the two individuals can get nominated to the board at the elections that are going to be held next week. It may be a good idea to keep an eye on the Coro Global stock until then.
Traders Note
CGLO stock is trading below the 20-Day and 50-Day Moving averages of $0.0997 and $0.1817 respectively. Moreover, the stock is trading is the oversold zone with RSI stands at 50.
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