Digital Utilities Ventures Inc (OTCMKTS:DUTV) Stock In Focus After Recent Development
If a stock gains significant momentum then it may be a good idea for investors to consider taking a look at it. It is important to remember that stocks that gain momentum can often go on a strong rally over several days and that is the reason why people often hunt for such stocks. At the start of the new trading week, there are a number of stocks that could be followed by investors on the back of the fact those stocks gained momentum. One of those could well be the Digital Utilities Ventures Inc (OTCMKTS:DUTV) stock. However, before getting into the specific developments with regards to the company in recent days, it may be a good idea to take a look at the nature of its business.
Market Stats
On Friday, DUTV stock gained 2.01% to $0.0152 with 5.02 million shares, compared to its average volume of 4.97 million shares. The stock moved within a range of $0.0128 – 0.0156 after opening trading at $0.0145.
About The Company
As the name suggests, Digital Utilities Ventures is a company that is looking to become a major player in the green solutions space. The company claims that it has managed to unearth certain opportunities for acquisition as well as joint ventures which may make it possible for it to cash in on the fast-growing industry. In that regard, Digital Utilities Ventures has also noted that actual consumers are aware of the fact that it is necessary to switch to inexhaustible sources of energy from the conventional ones which produce gas emissions that harm the ozone layer. In addition to that, Digital Utilities Ventures also contends that higher dependence on inexhaustible sources of energy will also lower the dependence on imported fuels and thereby bring in economic prosperity.
Easy Energy Finance Announces That The Easy Energy Climate Token ℠ Is Now Available For Immediate Purchase
As it happens, the company was in the news this past Friday after there was a major new announcement from Easy Energy Finance Inc. On August 5, the company announced that it had released the Easy Energy Climate Token for the purpose of selling.
The tokens are going to provide those who operate leases with access to thousands of end users who might want to install modern modular technologies. These technologies help with altering the effect of climate change, help with the purification of water and help with the production of liquid microbial fertilizers. It was noted that Easy Energy Finance is going to raise capital through these tokens, which are backed by assets and also yield dividends. The tokens are then going to be administered and brokered by Securitize Markets, which is a registered broker-dealer.
It was a major new development, especially considering the fact that Easy Energy Finance seeks to raise as much as $100 million from sales of this token. Easy Energy Finance is part of Easy Energy Systems, Inc. (EES), Mark Gaalswyk is currently the CEO of these companies and EES is planning to merge in the coming months with Digital Utilities Ventures. Hence, it was perhaps no surprise that the Digital Utilities Ventures stock experienced a surge in momentum last Friday. It is going to be interesting to see if the stock can manage to hold on to its momentum this week and continue to add to its gains over the course of the coming days. It may be a good idea for investors to add the stock to their watch lists as well.
Traders Corner
DUTV stock is trading above the 20-Day and 50-Day Moving averages of $0.0139 and $0.0107 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0071.
