GGTOOR Inc (OTCMKTS:GTOR) Stock Gains Momentum: Here is Why

The eSports industry has grown at a remarkable clip over the course of the past years and hence, there are now plenty of investors who are now looking to get into that particular space. A company that may be well worth tracking in that sector is GGTOOR Inc (OTCMKTS:GTOR), which is regarded as an emerging leader.

Trading Data

On Tuesday, GTOR stock increased 8.75% to $0.0087 with 1.51 million shares, compared to its average volume 1.59 million shares. The stock moved within a range of $0.0087 – 0.0147 after opening trade at $0.0100.

GGTOOR, Inc. (OTCMKTS:GTOR) Announces Its Regulation A Registration Has Been Voluntarily Terminated — Dilution From Sales of Stock Screeches to a Halt

Yesterday, the company’s stock was in considerable focus among investors and ended up with gains of as much as 9% amidst major focus. The company announced yesterday that it had decided to voluntarily cancel its Regulation A Registration. GGTOOR further noted that the Form 1-Z had been accepted by the United States Securities and Exchange Commission back on October 20, 2022. The official filing of the same had been October 21, 2022.

In this context, it may be a good idea to take a look at the provisions of the cancelled registration statement. It had called for the sale of as many as 187,500,000 shares of GGTOOR in the price range between $.001 and $.008. On the other hand, the number of shares that were to be sold to accredited shareholders was 33,444,517. The price range for those shares had been set in the $.011 to $.022 range.

Traders Corner

GTOR stock is trading below the 20-Day and 50-Day Moving averages of $0.0127 and $0.0173 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0237.