BitFrontier Capital Holdings (BFCH) Stock Gains Momentum: How to Trade Now?
If you are currently looking into cryptocurrency related stocks, then it might be a good move to take a look into the BitFrontier Capital Holdings Inc (OTCMKTS:BFCH) stock.
The company, which is involved in making crypto investments and crypto mining, saw its stock soar by as much as 35% last week that is submitted all the requisite financial statements for returning to Pink Current status on the OTC Markets. The company noted that it is going to get the status after the review of the application is completed by the OTC Markets.
It goes without saying that it is a major development for the company and investors as well as market analysts are expected to watch things closely in the coming weeks. The OTC Markets has informed BitFrontier that it could take between 6 to 8 weeks for reviewing the application and then coming up with a decision.
However, that was not the only announcement made by the company last week. BitFrontier also announced that it appointed a new independent member of the board in the form of Bryan Wilkinson. It now remains to be seen if the BitFrontier stock can maintain its momentum and continue to add to its gains this week.
Market Reaction:
On Friday, BFCH stock surged 9.20% at $0.12 with more than 8.27 million shares, compared to its average volume of 2.20 million shares. The stock had moved within a range of $0.1100 – 0.1399 after opening the trade at $0.1189. Over the past 52-week, the stock has been trading within a range of $0.0103 – 0.5400.
