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CarbonMeta Technologies Inc (OTCMKTS:COWI) Stock In Focus After Recent Development

Pete Matthews , , , ,

Shares of CarbonMeta Technologies Inc (OTCMKTS:COWI) have been moving within a narrow range over the past few sessions.

Market Stats

On Monday, COWI stock ended flat at $0.0004 with more than 19.01 million shares, compared to its average volume of 77.73 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trading at $0.0004.

CarbonMeta Technologies (COWI) to File Registration Statement to Become Fully Reporting with SEC

Resource reclamation company processing organic waste and generating economically sustainable hydrogen and high-value carbon products, CarbonMeta Technologies Inc (OTCMKTS:COWI) on March 7, 2022 announced signing engagement letter for retention of PCAOB-registered independent public accounting firm. The firm will be conducting audit of 2020 as well as 2021 annual financial statements as well as bringing COWI a step closer to becoming a fully reporting company with the SEC.

The firm will be filing Registration Statement on Form S-1 for becoming subject to periodic reporting requirements of the Securities Exchange Act of 1934. Chairman and CEO Lloyd Spencer said that filing Form S-1 is a vital step for CarbonMeta in becoming transparent fully reporting SEC Issuer. Spencer added that it is also a vital step for building trust with individual and institutional investors in order for CarbonMeta to establish and grow business operations in Europe, US and Saudi Arabia.

The firm is expecting to have Registration Statement, including audited financials for FY 2020-2021, filed with SEC by mid-April 2022.The company’s business includes plastic and construction waste upcycling for helping address global climate crises and pollution. Based in Woodinville, Washington, and has a number of subsidiaries, CarbonMeta focuses on high-value solutions for environmental sustainability.

Traders Corner

COWI stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0008.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.