Kontrol Technologies Corp (OTCMKTS:KNRLF) Stock Rallies: Company Ships BioCloud in Hong Kong

This morning it might just be the right time for investors to start tracking the Kontrol Technologies Corp (OTCMKTS:KNRLF) stock. It has made a strong move in recent days and the situation remained the same on Tuesday as the stock ended up with gains of 7%.

That took the gains made by the stock over the course of the past week to as much as 21%. The rally that was seen in the stock on Tuesday was brought about by a key announcement from Kontrol Technologies. The company announced that it had shipped its BioCloud tech to a new client, which is based out of Hong Kong.

Market Stats

On Tuesday, KNRLF stock surged 7.24% to $1.63 with more than 91k shares, compared to its average volume of 21k shares. The stock moved within a range of $1.4600 – 1.6300 after opening trading at $1.5509.      

Kontrol Technologies Ships BioCloud to New Customer in Hong Kong

The client in question is involved in the integrated national air quality and smart building services space. However, that was not all. The company had made an announcement with regards to a testing partner back on December 16 last year.

Yesterday, Kontrol Technologies announced that the partner had also completed its first purchase of BioCloud. The announcements were highly critical ones and could have significant long term effects on the wellbeing of Kontrol Technologies. It may be a good move for investors to consider adding the stock to their watch lists.

Traders Corner

CLSH stock is trading below the 20-Day and 50-Day Moving averages of $0.0852 and $0.0883 respectively. However, the stock is trading above the 200-Day moving average of $0.1345.