Symmetry Technologies (OTCMKTS:SMMR) Stock Rallies After Appointing a New COO

Shares of Symmetry Technologies (OTCMKTS:SMMR) closed higher in the previous session.

Market Stats

On Wednesday, SMMR stock gained 9.40% to $0.35 with more than 24.9k shares, compared to its average volume of 12.9K shares. The stock moved within a range of $0.2950 – 0.3500 after opening trading at $0.32.           

U C, Inc., SMMR, Appoints New Board Member and Chief Operating Officer

U C, Inc. – a publicly-traded company on the OTC Market, under the symbol SMMR, was founded as a Nevada corporation in 2001 under the name Symmetry Technologies (OTCMKTS:SMMR). It made an announcement on February 23, 2022, about appointing a new member to its Board of Directors – Michael Coner. He will also assume the roles and responsibilities of Secretary of the Company and Chief Operating Officer, which includes supervising the operations of its acquisitions.

Over time, the company has actively pursued business plans of acquiring majority interest in several companies, each having revenues in excess of $1,000,000, positive EBITDA (earnings before interest, taxes, depreciation and amortization) and positive cash flow.

Apart from his new role at the company, Michael is President and Co-Founder of EZ Green Compliance – a point-of-sale and data security compliance firm. He is also partner in an advisory capacity, of the Chameleon Collective, where he offers valuable insight regarding his specialties of Business Development & Go-to-Market Strategies.

Traders Corner

SMMR stock is trading above the 20-Day and 50-Day Moving averages of $0.2469 and $0.2483 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.2265.