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Freshlocal Solutions Inc. (OTCMKTS:FLOCF) Stock Gains Momentum: Jumps 5% In a Week

Jon Williams , , , ,

Freshlocal Solutions Inc. (OTCMKTS:FLOCF) is up 5% in a week. The company has announced its financial results for fiscal Q4 and FY2021 for the period ending October 2, 2021.

Market Stats

On Wednesday, FLOCF stock ended flat at $0.6198 with more than 76.57K shares, compared to its average volume of 3.5k shares. The stock has moved within a range of $0.6198 – 0.6198 after opening trading at $0.6562.

Earnings Recap

The Board of Directors of Freshlocal has also appointed current Food-X Technologies Inc. President Mr. Simon Cairns as the company’s new CEO effective December 14, 2021. Cairns will replace Peter van Stolk as CEO, but peter will continue in the Freslocal’s Board.

Board Chairman D. Neil McDonnell said they are excited that Simon will be leading the company through its development in the global grocery sector. He said that Simon has been a successful leading organization offering innovative eCommerce solutions to some of the biggest retailers in the world and will be helpful to Freshlocal and its shareholders.Simon commented that the company is has a good core eGrocery business that is shifting to be a top eGrocery Management System provider. The new CEO explained that he is delighted to take over at the company. So, investors should watch FLOCF.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.