Digital Utilities Ventures Inc (OTCMKTS:DUTV) Stock Falls After Strategic Updates
The announcement of strategic updates is almost always a source of interest for investors and hence, it may be a good move to take a look into the announcement made by Digital Utilities Ventures Inc (OTCMKTS:DUTV) on Monday.
Trading Data
On Monday, DUTV stock decreased 6.67% to $0.0154 with more than 2.19 million shares, compared to its average volume of 2.08 million shares. The stock moved within a range of $0.0144 – 0.0174 after opening trading at $0.0165.
The update was for potential and existing shareholders about the current situation with Digital Utility Ventures, Easy Energy Finance and Easy Energy Systems. It was also meant for providing clarity with regards to some confusion. The company announced yesterday that Easy Energy Finance Inc had created Reg D and Reg S exempt security in the spring of this year in order to raise fresh capital.
That fresh capital would be used for the purpose of purchasing modular equipment Easy Modular Manufacturing Inc, Easy Energy Systems Inc and other subsidiary units of Digital Utility Ventures. The equipment that is going to be bought by Easy Energy Finance would be leased to customers in the form of an operating lease which is going to have a revenue sharing element as well.
By way of this mode of operation, both operators as well as investors are going to be able to share in the profits from waste management operations.
Technical Data
DUTV stock is trading above the 20-Day and 50-Day Moving averages of $0.0146 and $0.0142 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0111.
