BioLargo Inc (OTCMKTS:BLGO) Stock Down 4% In a Week: But Why?
Nowadays, podcasts are regarded as a major part of the mass media and The Stock Day Podcast is currently one of the more popular ones for stock market investors. Yesterday, innovative platform technologies firm BioLargo Inc (OTCMKTS:BLGO) came into focus after the company’s Chief Executive Officer and President Dennis P Calvert joined The Stock Day Podcast for an interview.
Market Stats
On Thursday, BLGO stock fell 0.30% to $0.2094 with more than 222k shares, compared to its average volume of 335K shares. The stock has moved within a range of $0.2000 – 0.2189 after opening trading at $0.21.
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However, it should be noted that it remains to be seen if the appearance of Calvert for an interview on the podcast proves to be a boost for the stock or not. It should be noted that over the course of the past week, the BioLarge stock has declined by 4%.
At this point it might be a good idea for investors to take a look at what the company’s CEO stated during the course of the interview. One of the more important things that he spoke about was the strategic partnership that BioLarge had put in place with the company Ikigai Holdings. He stated that Ikigai has already launched a number of ‘blockbuster’ consumer products and hence, the partnership with the company could be quite fruitful for BioLarge. However, it remains to be seen if the stock manages to make any kind of recover or not.
Traders Corner
BLGO stock is trading above the 20-Day and 50-Day Moving averages of $0.21 and $0.19 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.19. The stock is up 12% in the past month.
