Ethical technology company Bubblr Inc( OTCMKTS:BBLR) was in the news yesterday after it made a major new announcement and that precipitated a rally that saw its stock end the day with gains of as much as 9%.
Market Action
On Tuesday, BBLR stock jumped 9.09% to $0.1800 with more than 53.05K shares, compared to its average volume of 15.91K shares. The stock moved within a range of $0.1600 – 0.2195 after opening trading at $0.1700.
Bubblr Executes on 2023 Strategy With CFO Appointment and Filing to Uplist to OTCQB
The company, which is involved in developing an Ethical Web Open Source platform for a better internet, announced yesterday that it had appointed a new Chief Financial Officer in the form of David Chetwood. The news seemed to have come as a source of considerable optimism for investors and it would be interesting to see if the stock can maintain its momentum over the course of the coming days.
However, that was not all. The company also announced yesterday that it had also sent in its application for uplisting the stock to the OTCQB with the intention of having direct interactions with institutional investors. Steve Morris, who is the Chief Executive Officer of Bubblr, spoke about the appointment as well. He noted that he was delighted at Chetwood accepting the appointment as the CFO and company secretary at Bubblr.
Morris went on to add that Chetwood was not only a seasoned accountant but someone with considerable experience in accounting and finance.
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