Coretec Group Inc (OTCMKTS:CRTG) Stock Resumes Another Round Of Selling
Coretec Group Inc (OTCMKTS:CRTG) stock continues to trend lower last week after the recent consolidation. The stock has fallen over 25% over the past 6-month.
Market Action
In Friday’s trading session, CRTG stock ended lower by 8.25% at $0.0964. More than 55k shares have exchanged hands, compared to its average volume of 222k shares. The stock opened at $0.10 and moved in a range of $0.0820 – 0.1000.
The Coretec Group Expands Board of Directors with Appointment of Douglas W. Freitag
Here are the highlights:
Coretec Group has appointed Douglas W. Freitag as a new director to its board of directors.
Mr. Freitag brings 38 years of expertise in developing, commercializing, and financing new technologies. He formed Bayside Materials Technology (BMT) in 1993 to support academia, investors, and industry with the process of identifying, creating, and commercializing new technologies where the Federal Government plays a role, either as an investor, regulator, or user.
Prior to BMT, he had a successful career in various management and engineering roles at Lockheed Martin, Honeywell, and Ford Motor Company. Mr. Freitag has a technical background with a B.S. and M.S. in Mechanical Engineering from Purdue University and holds Secret level DOD clearance.
Mr. Freitag joins current board members Victor Keen, Director, Co-Chairperson, Simon Calton, Director, Co-Chairperson, Ron Dombrowski, Director, and Matthew Kappers, Director and CEO of The Coretec Group.
Key Quote:
“Doug brings incredible experience to the company. He is extremely well versed in technology and has extraordinary success connecting companies with government agencies and funding sources. Doug compliments our current board members well and will make an immediate impact,” said Victor Keen, Director, co-chairperson of the board.
Trader Notes:
BTCWF stock has underperformed recently with a fall of over 35% in the past 6-month. On the technical basis, the stock is trading below its 50-day and 200-Day SMA stand at $0.1035 and $0.1292 respectively. Moreover, RSI at 47 signals that the stock is trading near the neutral zone.
