TPT Global Tech Inc. (OTCMKTS:TPTW) Stock In Focus After Recent News

TPT Global Tech Inc. (OTCMKTS:TPTW) is down 15% in a week. The company has announced that the US SEC has qualified its $38 million Reg A+ Tier 2 offering. As a result, the company which offers medical technology, telecommunications, and media content for local and international syndication and tech solution is a reporting company to the SEC under Section 15(d) of the SEC Act.

Market Stats

On Monday, TPTW stock fell 3.37% to  $0.0086 with more than 5.41 million shares, compared to its average volume of 3.46 million shares. The stock moved within a range of $0.0081 – 0.0110 after opening trading at $0.0083.

TPT Global Tech : Receives $38 Million Qualification by SEC

Recently the company announced that its TPT Global Carribean LLC subsidiary and the Government of Grenada through the Ministry of Tourism had entered an agreement that will see the company’s products and services put forward for event processing for COVID-19 testing or vaccination.

This agreement is the first government-related contract of its kind the government has received and will run for two years. TPT MedTech’s QuickLAB portable labs will be used to handle Point of Care and COVID-19 needs. Also, the QuikPASS Check and Verify Passport Tech platform will be used for validation and documentation. So investors should watch TPTW.

Traders Corner

TPTW stock is trading below the 20-Day and 50-Day Moving averages of $0.0093 and $0.0107 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0161.