Mr. Fernando M. Sopot, President of ZICIX Corporation, stated on his weekly report to the company Chairman, Mr. William Petty and disclosure to its stockholders that its operating company, CTIP First Investment, Inc. has received an order for 50 units of passenger buses.
Market Action
On Monday, ZICX stock gained over 5.5% to $0.0019 with 7.63 million shares, compared to its average volume of 9.63 million shares. The stock moved within a range of $0.0018 – 0.0023 after opening trade at $0.0018.
ZICIX + CTIP-FII Receives Order From City Of Kakata, Liberia To Buy Passenger Buses
This order covers other vehicles too, for the City’s Public Transport Project to service the needs of the public. Vehicles included are ten 57-seater passenger buses, fifteen 47-seater passenger buses, fifteen 22-seater passenger buses, two ambulances, four 4×4 jeeps, and four 4×4 pick-ups. All vehicles are made in China, and expected contract costs are around $6,720,000.00. The order was placed by Kakata City Corporation. Kakata is the capital city of Liberia’s Margibi County and is in Kakata District just over the Du River Bridge.
The City Mayor, the Honorable Emmanuel M. Goll Sr. has said that after the public transport project is operational, it will resolve the problem of transporting passengers and cargoes from the City of Kakata to different municipalities and cities in Liberia. He also spoke about a transport hub being planned as part of the City’s Bus Transport Project. It is just part of the many development project undertakings being done by the city and the National Government as a show of continued commitment to its citizens.
Key Quote
The City Mayor, the Honorable Emmanuel M. Goll Sr., has said that once its public transport project becomes operational, it will ease the problem of transporting passengers and cargoes from the City of Kakata to different municipalities and cities in Liberia. A Transport hub is also being planned as part of the City’s Bus Transport Project. Mayor Goll said this is just part of the several development project undertakings being done by the city and the National Government as its continuing commitment to its citizens.
Technical Data
ZICX stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0021 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0035.
 Gets First Order of Passenger Buses from City of Kakata, Liberia){kind=link}