One of the stocks that emerged as one of the notable gainers on Wednesday was that of Argentum 47 Inc (OTCMKTS:ARGQ) as it ended up with gains of as much as 20% for the day. The company, which is involved in providing artificial intelligence powered digital marketing solutions, was in the news yesterday that Robert Stephenson had returned as its Chief Executive Officer.
Market Action
On Wednesday, ARGQ stock rose 20.31% to $0.0512 with more than 24.50K shares, compared to its average volume of 15.93K shares. The stock moved within a range of $0.0426 – 0.0600 after opening trade at $0.0430.
Argentum 47, Inc. Appoints new CEO and Enters Into Joint Venture Agreement
The news seemed to have galvanized investors in a big way and that was apparent in the rally that was experienced by the Argentum stock. The company noted that the return of Stephenson was a major milestone since Argentum had managed to make significant progress owing to his involvement in recent times.
One of the more significant developments for the company in recent times was the establishment of a joint venture with a major global media firm OROP Media. OROP is a digital marketing agency that is based out of Manchester in England and is best known for its work in web development, social media marketing, mobile app development and web designing.
The Board of Directors and the shareholders of Argentum had voted Stephenson back as the CEO in order to help the company in maintaining its growth.
Key Quote
“We are very pleased to have entered into this agreement with the very talented team at OPOP Media. The ability of a company to forge strategic partnerships can be key to unlocking new markets and is ultimately critical to that company’s overall success,” stated Robert Stephenson, the new CEO of Argentum 47.
Technical Data
ARGQ stock is trading below the 20-Day and 50-Day Moving averages of $0.0573 and $0.0733 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.4058.
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