Coretec Group Inc (OTCMKTS:CRTG) Stock In Focus After Key Update
The past week has been a fairly difficult one for shareholders in The Coretec Group Inc (OTCMKTS:CRTG) as the company saw its stock take a pounding during the period and record a decline of as much as 21%.
Market Stats
On Thursday, CRTG stock gained 1.78% to $0.0458 with more than 74K shares, compared to its average volume of 172K shares. The stock moved within a range of $0.0450 – 0.0500 after opening trading at $0.0500.
The Coretec Group Details Silicon Anode Battery Program Developments on Q1 Shareholder Call
The company is involved in the manufacturing of silicon anode meant for lithium batteries, 3D volumetric displays and engineered silicon. Yesterday, the company came into focus after it provided the details of the batter development program that had been ongoing. In addition to that, the company also launched a new brand name for the product, Endurion.
Matthew Kappers, who is the Chief Executive Officer of The Coretec Group noted yesterday that the battery development programme had been progressing well and has gone off to a strong start.
He went on to add that the silicon anode that the company is working on could lead to improved cycling and faster charging. It was an important update from the company and one that could bring the Coretec stock on to the radars of investors in the coming days. At this point in time, it may be a good idea to keep the stock in your watch lists and watch out for any kind of recovery.
Key Quote
“Our battery development program, Endurion, is up, running, and off to a great start,” The Coretec Group CEO Matthew Kappers said. “We expect the silicon anode we’re developing to enable faster charging, improved cycling, and increased energy density in lithium-ion batteries. These are the industry objectives that our team of engineered-silicon experts is working to solve.”
Traders Corner
CRTG stock is trading above the 20-Day and 50-Day Moving averages of $0.0496 and $0.0496 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0682.
