Blue Water Petroleum Corp (OTCMKTS:BWPC) Stock Falls After The Acquisition News
The news with regards to a new acquisition almost always brings a company on to the radars of investors and hence, it could be a good move to keep an eye on Blue Water Petroleum Corp (OTCMKTS:BWPC) this morning.
Trading Data
On Monday, BWPC stock moved down 6.37% to $2.5000 with more than 535 shares, compared to volume of 44.56K shares. The stock moved within a range of $2.5000 – 2.5000 after opening trade at $2.5000.
Blue Water Petroleum Corp Signs Acquisition Of Artaqua Technologies Ltd
The company was in the news on Monday after it announced that it had inked a definitive agreement with regards to the acquisition of ArtAqua Technologies Ltd. It was noted that the acquisition would help in expanding the company’s foot print in the global wastewater treatment space. In this regard, it should be noted ArtAqua is a company with a proven track record in the industry and boasts of offices in the United States, Germany and Ireland.
The acquisition is valued at $2,500,000 and the transaction is going to be completed in Blue Water Petroleum Corp’s Common A stock. On the other hand, it ought to be noted that at this point ArtAqua holds as many as four patents.
The company has also made international applications for patents in the chemical technology and polymers spaces as well. It is an acquisition that could take Blue Water Petroleum Corp to the next level and that may be the reason why investors could do well to take note.
