ICOA Inc (OTCMKTS:ICOA) Stock Soars After Issuing Revenue Projections
Those who may be looking into blockchain, fintech, decentralised finance and cryptocurrency focussed companies at this point could do well to start tracking the ICOA Inc (OTCMKTS:ICOA) stock today.
Market Stats
On Thursday, ICOA stock moved up 14% to $0.0115 with more than 81.81 million shares, compared to its average volume of 136.52 million shares. The stock moved within a range of $0.0101 – 0.0118 after opening trading at $0.0101.
ICOA Inc. Releases Revenue Projections for 2022 and Beyond
The ICOA stock has been in the middle of a remarkable rally in recent days and it continued yesterday as the stock ended the day with gains of as much as 14%. However, it is also necessary to remember that the gains made yesterday took the cumulative gains over the past week to as much as 36%.
Yesterday, the company came into focus among investors after it made an announcement with regards to its revenue projections for the year 2022. While it did announce its projections from the period starting from 2022 to 2066, ICOA also pointed out the segments of its business which it will be focussed on in order to ‘unleash blockchain’ in a big way.
The company noted that in addition to NFT, it is also going to be involved in play to earn gaming, industry related services and wealth management among others. The company also announced that it was looking to become a full service blockchain company.
Key Quote
“Everyone at ICOA is incredibly pleased to publicize our revenue projections and provide an update on our company’s promising projects and subsidiaries. We are also thrilled to have multiple impending collaborations and acquisitions close to being finalized behind the scenes that will add further value to an already healthy-looking forecast. We are filled with gratitude for the support and confidence shown towards our mission and the opportunities it represents,” comments Hadria Wong, CEO of ICOA.
Traders Corner
ICOA stock is trading above the 20-Day and 50-Day Moving averages of $0.0081 and $0.0081 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0072.
