WaterPure International Inc (OTCMKTS:WPUR) Stock Pulls Back On Profit Booking
Despite strong performance from a stock, profit booking can bring about a sharp correction and that is what happened with the WaterPure International Inc (OTCMKTS:WPUR) stock on Wednesday.
Market Action:
On Wednesday, WPUR stock moved down 22.50% at $0.0310 with more than 1.83 million shares, compared to its average volume of 2.34 million shares. The stock has moved within a range of $0.0260 – 0.0400 after opening the trade at $0.0350.
Continuation Of Clean Water Operations
After investors decided to take some of their profits off the table, the stock tanked sharply and went down by as much as 23%. However, at the same time, it is necessary to remember that that stock is still up by as much as 17% over the course of the past week. Yesterday, WaterPure announced that the company has continued its operations with regards to the clean water business.
However, that was not all. WaterPure also mentioned that that not too long ago it had also update its public disclosures with the Over The Counter Markets.
The range of updates provided by the company yesterday was possibly a useful thing for most investors but ultimately it did not do much for the WaterPure stock. In addition to that, WaterPure also announced that it was planning to complete the acquisition of an intellectual property related to water at some point later on this year. Despite the fall in the stock, it could be said that investors could do well to keep an eye on WaterPure.
