All American Pet Company Inc (OTCMKTS:AAPT) Stock In a Range: Company Issues Key Updates
Nevada holding corporation All American Pet Company Inc (OTCMKTS:AAPT) was trading within a range on Wednesday but that does not mean that the company ought to be ignored at this point.
Market Stats
On Wednesday, AAPT stock moved down 2.2% to $0.0089 with more than 15.21 million shares, compared to its average volume of 19.59 million shares. The stock moved within a range of $0.0087 – 0.0094 after opening trading at $0.0094.
Updates by All American Pet Company, Inc
As it happens, All American Pet Company actually made a key announcement yesterday with regards to updates pertaining to some of the developments at the company. The company noted that back in September last year it had completed the acquisition of the company Kuora Industrial Interconnect. The company is involved in the industrial technology services platform space and is based out of Xi’an in China.
The company actually closed that particular acquisition in the September to October period. On the other hand, a month later in October last year, All American Pet Company inked a service agreement with the firm SRAX for the purposes of digital marketing and in addition to that, an agreement had also been reached with Donald Capital for banking services.
These updates must have apprised investors of the sort of work that the company has been doing in the recent past. While it did not have any effect on the stock, it may be a good time for investors to keep an eye on the news with regards to All American Pet Company.
Key Quote
“We will continue our growth trajectory from where we are today. Very pleased with the milestones achieved, both in terms of corporate and business developments.” – Mr Lanwei Li, President and CEO of AAPT.
Traders Corner
AAPT stock is trading below the 20-Day and 50-Day Moving averages of $0.0105 and $0.0138 respectively. However, the stock is trading above the 200-Day moving average of $0.0132. The stock is down 27% in the past month.
