Earth Science Tech Inc (OTCMKTS:ETST) Stock Pulls Back a Bit After The Recent Jump
Earth Science Tech Inc (OTCMKTS:ETST) stock pulled back a but after the recent gain. The stock has soared 25% over the past week.
Market Action
In Tuesday’s trading session, ETST stock ended fell by 2.30% at $0.0300. More than 947k shares have exchanged hands, compared to its average volume of 488K shares. The stock opened at $0.0360 and moved in a range of $0.0274 – 0.0399.
Earth Science Tech, Inc. (ETST) Becomes Current with the SEC and Shares Updates to the Market
Earth Science Tech, Inc. , an innovative biotech company nutraceutical and pharmaceutical fields, and medical devices, announces they have become current with the SEC, and shares updates to the market.
Company regains its current status with the SEC after filing its, both, delinquent period ending March 31, 2021 year end and period ending June 30, 2021 quarter. This was achieved through the supervision of the new appointed receiver, William A Leonard, replacing Robert L. Stevens, who was discharged and ordered out of the Company on August 27, 2021 in result of an ongoing litigation initiated on January 19, 2021 by certain shareholders (ultimately representing approximately 33%) who intervened because of concerns of Mr. Stevens’ lack of transparency.
During the litigation the intervenors were able to settle all claims, including those of Cromogen Biotechnology Corporation; thereby ending the litigation that started as a breach of contract claim that has been ongoing since October 23, 2014 leading to the January 11, 2019’s receivership with Mr. Stevens. The intervenors have also achieved funding options through the company’s loyal shareholder base and strong acquisition candidate that will position the company stronger than it’s ever been.
Mr. Leonard, since appointed, reinstated board of directors members and executives to work on getting the Company current with the SEC, raise necessary capital, and work on acquiring its acquisition candidates to maximize shareholder value under the assistance of his supervision while evaluating Mr. Stevens’ and his company, Strongbow Advisors, Inc., 2 year receivership term with ETST.
Trader Notes:
ETST stock has outperformed recently with a jump of over 48% in the past 3-month. On the technical basis, the stock is trading above its 50-Day SMA stand at $0.0210. Moreover, RSI at 58 signals that the stock is trading near the neutral zone.
