Boon Industries Inc (OTCMKTS:BNOW) Stock Sees Buying Pressure at a Lower Level
This morning most investors are going to be looking into stocks which made significant gains on Friday and one of the stocks that could be on their radars is the Boon Industries Inc (OTCMKTS:BNOW) stock. The stock ended up clocking gains of as much as 20% on Friday. However, at the same time it ought to be noted that there was no news with regards to the company on Friday.
Market Stats
On Friday, BNOW stock surged 20% to $0.0018 with more than 83 million shares, compared to its average volume of 19.83 million shares. The stock moved within a range of $0.0015 – 0.0022 after opening trading at $0.0016.
Recent Development
As a matter of fact, the last time that any news emerged about the company was back on February 24, 2022. At the time, the bioscience company announced that it had completed the filing of a Form 10 Registration Statement with the United States Securities and Exchange Commission.
The company announced at the time that the filing had actually become effective back on February 14, 2022. After the completion of that filing, Boon Industries came under the rules and regulations as set in the Securities Exchange Act of 1934. The company would need to adhere to the reporting requirements of the above mentioned act. While the development was an important one, it is still not clear if the move in the stock on Friday was related to it.
Traders Corner
BNOW stock is trading below the 20-Day and 50-Day Moving averages of $0.0019 and $0.0031 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0133.
