Findit Inc (OTCMKTS:FDIT) Stock Attempts To rebound After The Recent News
Findit Inc (OTCMKTS:FDIT) stock moved higher in the previous trading session, recovering from the recent fell. The stock has lost 35% over the past month.
Market Action
In the previous trading session, FDIT stock gained 12% to $0.0450. A total of 106k shares traded for the session hands, above its average volume of 39k shares. The stock opened at $0.0500 and moved in a range of $0.0450 – 0.0500.
Key Trigger
Findit Inc Announces Form S1 Registration Effective As of September 23, 2021
Findit announced Findit S1 registration is effective as of Thursday, September 23, 2021 at 4:00PM. The Form S1 includes year ending December 31, 2019 and December 31, 2020 audited financials. The Law Firm of Thomas Cook and Associates prepared the FORM S1 for filing and it was submitted through EDGAR, March 11, 2021.
At the time of submission, The S1 was priced at thirty cents per share which is currently higher than the current stock price. The amount of shares in the offering is a total of ten million shares which would amount to three million dollars if the raise is 100% subscribed. The proceeds would be used for development and marketing of the website Findit.com and the Findit App, which is available on Android and IOS.
Findit, which provides online marketing social networking content creation campaigns, completed the company audit with the Auditing Firm BF Borgers CPA PC Certified, Public Accountants back in Q1 of 2021. The company completed three years of audited financials that include 2018, 2019, and 2020. The Form S1 at the time of submission included year ending December 31, 2019 and December 31, 2020 audited financials.
Trader Notes:
FDIT stock is trading below all the key moving averages with 50-day and 20-Day SMA stand at $0.0652 and $0.0527 respectively – signaling a weak momentum. Moreover, RSI stands at 44 – giving a neutral sign.
