Lifequest World Corp (OTCMKTS:LQWC) Stock Falls After Recent News

One of the companies which may come on to the radars of investors this week is Lifequest World Corp (OTCMKTS:LQWC). The company is involved in providing scalable, decentralized and innovative wastewater treatment and reuse solutions.

Market Action

On Friday, LQWC stock slumped 11.50% to $0.0300 with more than 70.08K shares, compared to its average volume of 35.80K shares. The stock moved within a range of $0.0300 – 0.0362 after opening trade at $0.0300.

Lifequest’s Wholly Owned Subsidiary Receives an Order for 40,000 Liters/Day Sewage Wastewater Treatment Plant From a Hospital

This past Friday the company was in the news after its fully owned subsidiary unit Biopipe India Private Limited managed to bag a major order. The Chief Executive Officer of the subsidiary unit TanmayPawale announced that Biopipe had managed to get an order to provide wastewater treatment plant from a well-known hospital in the city of Nashik in India.

It was noted that India was fast becoming one of the major markets in the decentralized sewage treatment system space. Over the course of the past year, Biopipe had been working diligently in order to make a mark in the wastewater treatment space for hospitals.

It was further noted that Biopipe has certain competitive advantages over its rivals. It not only has an advantage with regards to energy savings and space but also ensures there is no sludge, no odor and the treated wastewater is of a high quality. It is going to be interesting to see if the Lifequest stock manages to make a move today or not.

Technical Data  

LQWC stock is trading below the 20-Day and 50-Day Moving averages of $0.0325 and $0.0372 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0430.

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