Digital Utilities Ventures Inc (OTCMKTS:DUTV) Stock Goes Parabolic: Soars 181% In a Week

The past week has been a fairly great time for investors in the Digital Utilities Ventures Inc (OTCMKTS:DUTV) stock as it went on a remarkable rally amidst heavy interest. This past Friday, the stock continued to be in focus and ended the day with gains of as much as 23%.

Market Stats

On Friday, DUTV stock surged 23.30% to $0.0090 with more than 40.88 million shares, compared to its average volume of 15.48 million shares. The stock moved within a range of $0.0069 – 0.0090 after opening trading at $0.0074.

Mark K. Gaalswyk – New CEO of Digital Utilities Venture (DUTV)

However, it is perhaps more important to mention that the gains made by the Digital Utilities stock on Friday took the cumulative gains for the past week to a staggering 181%. In such a situation, it is almost certain for the Digital Utilities venture stock to come into focus among investors.

Last week the company was actually in the news back on March 1 when it announced that Mark K Gaalswyk had been selected as the new Chief Executive Officer of Digital Utilities. The company noted that having grown on a farm, Gaalswyk had the right ideas with regards to the energy and agricultural needs of the United States.

He has won a number of awards in his career as an executive and it appears that investors are quite happy with regards to the appointment. It may now be a good move from investors to keep an eye on the stock.

Traders Corner

DUTV stock is trading above the 20-Day and 50-Day Moving averages of $0.0045 and $0.0036 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0033.