Global Technologies Ltd. (OTCMKTS:GTLL) Stock Ends Lower in The Volatile Session
Global Technologies Ltd. (OTCMKTS:GTLL) was volatile and fell 11%. The company has issued a press release regarding the sudden fall in stock price and wishes to reassure investors that operations are moving forward steadily.
Market Stats
On Thursday, GTLL stock moved down 11.21% at $0.0019 with more than 971.97 million shares, compared to its average volume of 55.83 million shares. The stock has moved within a range of $0.0003 – 0.0022 after opening the trade at $0.0020.
Global Technologies, Ltd Comments on Today’s Trading Activity
Most importantly, there are no undisclosed events warranting the decline. The company doesn’t want to speculate about the trading activity of the shares. But in light of the recent decline in its stock, the company has availed the necessary information in the financial reports and press release filed with the SEC. Additionally, the company assured stockholders that its operations were on track.
The company conducts operations through subsidiaries that engage in hemp-related and CBD product sales, distribution and logistics, eCommerce, and IP acquisition in the security and safety space. Earlier this year, the company announced that it filed a complaint against some shareholders to return close to 3.4 billion shares of its common shares to the treasury. So in the coming weeks, GTLL is worth watching.
Traders Corner
GTLL stock is trading below the 20-Day and 50-Day Moving averages of $0.0026 and $0.0028 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0049. The stock is down 49% in the past month.
