Clean Vision Corporation (OTC:CLNV) Stock Sees Volatile Move: Should You Be Nervous?
There were some stocks that suffered from sharp declines, but could the declines be an opportunity? One such stock could be that of Clean Vision Corporation (OTC:CLNV), the emerging player in innovative clean fuel development and plastic recycling industries. Yesterday the stock tanked by 9% amidst a selloff.
Clean Vision Corporation Signs EPC Agreement with UPS Industrial Services for West Virginia Facility
However, it ought to be noted that yesterday the company also announced that Clean Seas West Virginia Inc., its fully owned subsidiary, signed an agreement with the firm UPS Industrial Services LLC. Clean Seas signed an EPC (engineering, procurement, and construction) contract for its plastic conversion plant located in Quincy, West Virginia.
In the news release, the company also announced that the project had been scheduled for commencement at some point in the fourth quarter of 2024. Full operations would begin at the plant by August 2025. Clean Vision Corporation also stated that the plastic conversion plant had been designed to generate clean fuels from plastic feedstock through pyrolysis.
The plant would constitute a major step towards having an impact on the worldwide plastic waste problem, the company asserted. The project also had the support of a range of agencies in the West Virginia State Government. It would be interesting to see if the Clean Vision Corporation stock recovers today.
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Technicals
| +/- EMA(20) | 0.0134 (-21.64%) |
| +/- SMA(50) | 0.0157 (-33.12%) |
| +/- SMA(200) | 0.0257 (-59.14%) |
| 5-Day Perf. | -13.22% |
| 1-Month Perf. | -25% |
| 3-Month Perf. | -44.74% |
| 6-Month Perf. | -57.66% |
| YTD Perf. | -74.64% |
| 1-Year Perf. | -71.23% |
| RSI(14) | 37.58 |
| ATR(14) | – |
| ADX(14) | 15.32 |
| Beta (5Y) | -0.17 |