JP 3E Holdings Inc. (OTC: SPZI) Stock Surges 22%: What’s the Buzz?

Yesterday, JP 3E Holdings Inc. (OTC: SPZI) was in the news after it announced a significant new strategic partnership through JP Energy Global PTE Ltd., its fully owned subsidiary unit. The news came as a major boost for the stock, which clocked gains of 22% for the day.

The Partnership

The company announced that JP Energy Global PTE Ltd. went into partnership with China’s biggest international trading company, CPTDC (China Petroleum Technology and Development Corporation). In the news release, JP 3E Holdings noted that the partnership was a major new milestone. The first shipment that had been initiated through the partnership was accomplished through the use of the Trade Finance platform from Bloxcross.

Further Key Details

The first shipment that had been initiated comprised of 50000 tons of coal from Indonesia. The first shipment was described as a significant step in the larger partnership between the company and CPTDC. The overarching aim of the partnership would be to bring about significant growth in the energy space.

Additionally, it was noted that the partnership would also open up possibilities of transactions with other commodities in the energy sector. Such a state of affairs would help JP 3E Holdings become an even bigger player in the worldwide market. It remains to be seen if the stock can continue to add to its gains today or not.

CEO Quote

Diego Baez, CEO of Bloxcross and JP3E, added, “We are thrilled to see Bloxcross’ trade finance platform facilitating such a profitable endeavor. This partnership marks a significant step in our global expansion strategy and strengthens our ability to drive successful international trade.”

Technicals

+/- EMA(20)	0.0041 (+12.20%)
+/- SMA(50)	0.0045 (+2.22%)
+/- SMA(200)	0.0066 (-30.30%)
5-Day Perf.	+35.29%
1-Month Perf.	-6.12%
3-Month Perf.	-28.13%
6-Month Perf.	-52.08%
YTD Perf.	+21.05%
1-Year Perf.	+2200%
RSI(14)	60.24
ATR(14)	–
ADX(14)	19.39