BoxScore Brands (OTCMKTS:BOXS) Issues Key Corporate Update: Stock Under Pressure
US-based renewable energy company focusing on extraction, refining, manufacturing as well as distribution of technical minerals, BoxScore Brands (OTCMKTS:BOXS), on March 28, 2022 announced a corporate update.
Market Stats
On Monday, BOXS stock slid 7.48% to $0.0099 with more than 1.44 million shares, compared to its average volume of 2.88 million shares. The stock moved within a range of $0.0081 – 0.0114 after opening trading at $0.0081.
BoxScore Brands, Inc. Announces Corporate Update
Andrew Boutsikakis, CEO of BoxScore expressed gratitude towards shareholders for patience as well as encouragement in the last few months. The CEO added that the company has significant time in working and relationship building for ensuring business plan as well as corporate structure has solid foundations for future growth.
He added that the company is focusing on development and advancement of Lisbon Valley Lithium Brine Project. It is also working on collaborative as well as corporate opportunities to deliver significant, long-term value to shareholders. The firm is confident on providing timely and informative updates on material development harnessing proper distribution channels including its website, national financial newswires as well as filings with the Securities & Exchange Commission.
Boutsikakis further stated that it is essential to maintain full public disclosure and the firm will ensure to give any new information to shareholders as well as market as soon as possible.
BoxScore is exploring all funding resources available through suitable government grants as well as federal funding initiatives. The company is also having on-going discussions with other strategic partners as well as working capital providers.
Traders Corner
BOXS stock is trading below the 20-Day and 50-Day Moving averages of $0.0105 and $0.0108 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0154.
