Renavotio Inc. (OTCMKTS:RIII) Stock Continues to Trade In a Narrow Range

Renavotio Inc. (OTCMKTS:RIII) is in a range after the company announced that it is continuing the process of uplisting to a senior securities exchange.

Market Stats

On Tuesday, RIII stock lost 0.28% at $0.0350 with more than 556.52K shares, compared to its average volume of 1.28 million shares. The stock has moved within a range of $0.0350 – 0.0364 after opening the trade at $0.0350.

Continues its Strategy to Uplist to A Senior Exchange

The infrastructure investment firm is focusing on opportunities in medical protective equipment, ISP, 5G, IoT, waste management tech, water and utility construction retained services of Sichenzia, Ross, Ference LLP to aid the process and prepare for the anticipated uplisting to a senior exchange.

CEO Bill Robinson said that Renavotio has made purchases and identified prospect growth opportunities as per the company’s planned objectives over the last one and half years. Robinson said that the company would be better positioned to leverage its go-to-market, helping it match capital needs and optimize growth.

The uplisting to a national securities exchange would open opportunities to a large investors pool which will help the company drive shareholder value. Renavotio is keen to take necessary action to fulfill the uplisting conditions of a senior exchange.So, in the coming weeks, investors should watch RIII.

Key Quote

“Over the past year and a half, the Company has made acquisitions as well as identify future growth opportunities to maintain and continue our planned goals.  We will be optimally positioned to capitalize on our go-to-market, carefully matching our capital needs to maximize growth. We believe a listing on a national exchange will open more doors to a larger pool of investors to help increase shareholder value.  We are excited to retain  Sichenzia Ross Ference LLP  as  our securities legal advisors.  We continue to complete the vision we laid out when we began this journey together with our shareholders.” stated Billy Robinson, CEO and Chairman of the Company.

Traders Corner

RIII stock is trading below the 20-Day and 50-Day Moving averages of $0.0405 and $0.0412 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0546. The stock is down 33% in the past month.