Datable Technology Corporation (OTCMKTS:TTMZF) (TSXV:DAC) Stock Sees Correction At A Higher Level
Datable Technology Corporation (OTCMKTS:TTMZF) (TSXV: DAC) dropped 4% after announcing the fruitful relisting to the OTCQB Venture Market from OTC Pink Sheets.
Market Stats
On Friday, TTMZF stock fell 4.44% to $0.0301 with 10k shares, compared to its average volume of 8.3k shares. The stock moved within a range of $0.0301 – 0.0301 after opening trading at $0.0301.
Latest News
Datable restarted trading on OTCQB Marketplace on February 1, 2022, under the “TTMZF” ticker symbol. CEO Rob Craig stated that relisting is vital to the company since it offers enhanced visibility to the investment community, implying the company can enhance its liquidity and expand access to retail and institutional investors. Craig added that then relisting was a result of the company’s request of November 23, 2021, to the FINRA (Financial Industry Regulatory Authority) and IIROC (Investment Industry Regulatory Organisation of Canada) following a temporary halt in trading pending the news release of November 23, 2021. The halt in trading the shares lasted four days, with shares moving to OTC Pink Marketplace on December 2, 2021.
The company issued 7.9 million restricted share units to its directors, consultants, and key employees, with 5.475 million concerted immediately into Datable common shares. So, in the coming weeks, investors should watch TTMZF.
Key Quote
“Re-listing on the OTCQB was important to us as it provides continued greater visibility within the investment community, resulting in enhancing our liquidity and increasing our access to institutional and retail investors,” said Rob Craig, CEO of Datable.
Traders Corner
TTMZF stock is trading below the 20-Day and 50-Day Moving averages of $0.0346 and $0.0431 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0585.
