Premier Graphene Inc. (OTC: BIEI) Stock Pulls Back: What to Do Now?
Yesterday it emerged that the day before the President of Premier Graphene Inc. (OTC: BIEI) Pedro Mendez had participated in a Zoom meeting with the research and development team of one of the globe’s biggest construction materials outfits. Although the stock declined by 10% yesterday, there were some interesting developments that investors need to know about.
Premier Graphene Receives Confirmatory Concrete and Mortar Test Results from Global Leader in Sustainable Construction
During the course of the meeting, the sustainable construction materials leader validated the data released by Premier Graphene on August 8, 2024, independently.
As per the initial engineering report that was released on August 8, 2024, the graphene-enhanced concrete from Premier Graphene recorded 32% improvement in tensile strength. The tests, which were conducted independently by the research and development team at the global construction materials company, produced similar results.
The company revealed that it was waiting for a test order of a larger scale. If the findings were validated again through more independent testing, then the company expected to bag initial orders as well as supply agreements for the longer term.
The company also made a presentation of the highly positive results from the recent testing of Premier Graphene’s concrete additive mix for mortar applications. Premier Graphene also believes that the innovative products would also go a long way in cutting down greenhouse emissions significantly in the cement production process.
Management’s Reaction
Pedro Mendez, President of Premier Graphene Inc., stated, “We are thrilled with the positive feedback we’ve received, and we look forward to seeing the results of the further concrete testing, which is expected to be confirmed and lead to orders. This could mark a significant milestone for Premier Graphene and our commitment to advancing construction technologies.”
Technicals
| +/- EMA(20) | 0.0013 (-30.77%) |
| +/- SMA(50) | 0.0011 (-18.18%) |
| +/- SMA(200) | 0.0011 (-18.18%) |
| 5-Day Perf. | -43.75% |
| 1-Month Perf. | -47.06% |
| 3-Month Perf. | +12.5% |
| 6-Month Perf. | -10% |
| YTD Perf. | – |
| 1-Year Perf. | +28.57% |
| RSI(14) | 36.19 |
| ATR(14) | – |
| ADX(14) | 23.7 |
| Beta (5Y) | -0.06 |