GiveMePower Corp (OTCMKTS:GMPW) is best known for operating and managing financial services and real estate assets in order to bring empowerment to the African American demographic in the United States. Yesterday the company’s stock was trading in a range but GiveMePower did make a key announcement that investors ought to look into.
Market Action
On Thursday, GMPW stock moved down 1.22% to $0.81 with 4K shares, compared to its average volume of 17K shares. The stock moved within a range of $0.8060 – 0.8100 after opening trade at $0.81.
GiveMePower Corp Engages Maxim Group LLC to Provide Strategic Advisory and Investment Banking Services
The company announced yesterday that it had hired the services of the full spectrum securities, wealth management and investment banking services firm Maxim Group LLC. Maxim is going to be responsible for providing the company with investment banking and strategic advisory services in relation to the 2021-2023 corporate initiatives roadmap.
After having made considerable progress in its financial services and real estate management services spaces, GiveMePower is now looking to turn into a financial technology or fintech company.
The move to hire Maxim Group LLC is possibly a move in that same direction. While it is true that the stock remained within a range, it ought to be noted that the announcement was a significant one and could have far reaching ramifications on the future of GiveMePower. It may actually be a good time for investors to consider adding the stock to their watch lists.
Key Quote
GiveMePower Corp’s Chief Executive Officer Frank I Igwealor states, “After extensive meetings with the Maxim team discussing corporate initiatives for 2021-2023, we felt the timing was right to retain the firm and advance with the roadmap now in place as articulated in GMPW’s effective S-1. We look forward to working with them and leveraging their expertise in order to maximize shareholder value.”
Traders Note
GMPW stock is trading below the 20-Day and 50-Day Moving averages of $0.79 and $0.71 respectively. Moreover, the stock is trading is the neutral zone with RSI stands at 53.
 Stock In Focus After Recent Development){kind=link}