Stereo Vision Entertainment Inc (OTCMKTS:SVSN) Stock Falls After Latest Development
Investors in Stereo Vision Entertainment Inc (OTCMKTS:SVSN) were in for a rude shock yesterday after the company’s stock suffered from a strong selloff and ended the day with a decline of as much as 10%. In this situation, it may be a good idea for investors to consider taking a look at the development from yesterday in order to get a better idea.
Market Stats
On Thursday, SVSN stock moved down 10% to $0.0188 with more than 1.1K shares, compared to its average volume of 28.3K shares. The stock moved within a range of $0.0170 – 0.0188 after opening trading at $0.0170.
StereoVision’s Wholly Owned Corp Climate Cure Capital™ Appoints Stephen Curran to their Advisory Board and Their Majority Owned ESG Company Eco Allies® Appoints Deborah Randall to Their Advisory Board
The company announced yesterday that its fully owned subsidiary unit Climate Cure Capitals appointed Stephen Curran to its advisory board. On the other hand, Eco Allies, the ESG firm in which StereoVision has a majority stake, appointed Deborah Randall to the advisory board.
Both those announcements were quite significant and could have a considerable effect on the future of the different companies. However, the news did not go down particularly well with the StereoVision shareholders and that was possibly the reason behind the strong selloff.
Curran has been involved in the real estate space for many decades and is a shareholder in StereoVision. Randall, on the other hand, is a seasoned entrepreneur, who is best known for having established the company United States Gas Transportation. It may be a good idea to keep an eye on the StereoVision stock and watch for any kind of recovery.
Traders Corner
SVSN stock is trading below the 20-Day and 50-Day Moving averages of $0.019 and $0.019 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.023.
