Clean Vision Corporation (CLNV) Stock Extends Fall: Down Another 37%
One of the stocks in the green energy sector to have recorded steep losses on Thursday was that of Clean Vision Corporation (OTCMKTS:CLNV), which tanked by as much as 37%. The company operates as a holding company and is involved in the acquisition as well as operation of businesses in the green energy and the clean tech sectors.
There was no news with regards to the company yesterday that might have resulted in such a steep fall in the stock. However, earlier on in the week, the company did announce that its board of directors finalised the appointment of John R. Owen as the new Chief Operating Officer.
It is a major appointment in the company’s executive branch and hence, it is going to be interesting to see if there is any change in the Clean Vision’s operating style in the near future. Owen is a highly experienced executive who was worked for over three decades in emerging growth and venture stage firms. He has primarily worked across three sectors- finance, media and technology. In this regard, it is also necessary to note that the decline in the Clean Vision stock yesterday is unlikely to have been brought about by this development.
Market Reaction:
On Thursday, CLNV stock plunged 37.55% to $0.0435 with more than 5.29 million shares, compared to its average volume of 642k shares. The stock has moved within a range of $0.0400 – 0.0750 after opening the trade at $0.0750 Over the past 52-week, the stock has been trading within a range of $0.0400 – 0.2900.
