Wanderport Corporation (OTCMKTS:WDRP) Stock Moves Up Big: Rockets 185% In a Week

Wanderport Corporation (OTCMKTS:WDRP) was up 50%, and the stock was 185% in a week. The company has announced plans for expansion and reorganization into the metaverse.

Market Stats

On Wednesday, WDRP stock soared 51% to $0.0080 with more than 225.62 million shares, compared to its average volume of 1.03 million shares. The stock has moved within a range of $0.0066 – 0.0150 after opening trading at $0.0090.

Wanderport Corporation Announces Plans for Reorganization and Expansion into the Metaverse

In addition, Wanderport’s management has been examining a variety of possibilities for refocusing the company’s operations on a new route with more development potential and shareholder value. As a result, starting this month, Wanderport will make a few major changes to its business.

The reorganization will include a reduction in outstanding shares, consolidation of coffee product offerings, restructuring of the NFT business, and metaverse expansion. In addition, the company plans to enhance its capital structure through purchase and cancellation of restricted common stock, and already agreements are in place about the share cancelation. Finally, the company wants to consolidate coffee offerings by rebranding hemp-infused Sapa coffee as Crypto 9 Coffee. However, the coffee will still be available online via Amazon and its online platform. Investors should therefore keep an eye on WDRP in the coming weeks.

Traders Corner

WDRP stock is above the 20-Day and 50-Day Moving averages of $0.0043 and $0.0044 respectively. The stock is trading in the neutral zone with the RSI at 74.