GNCC Capital Inc. (OTCMKTS:GNCP) Stock Sees Selling Pressure On Profit Booking
GNCC Capital Inc. (OTCMKTS:GNCP) fell 16% after the recent rally. The company has confirmed that OTC Market Compliance is currently evaluating the FURTHER AMENDED Q3 Report for reinstatement to PINK CURRENT status.
Market Stats
On Wednesday, GNCP stock fell 17% to $0.0003 with more than 448.25 million shares, compared to its average volume of 281.54 million shares. The stock has moved within a range of $0.0002 – 0.0003 after opening the trade at $0.0003.
GNCC Capital, Inc. Updates On OTC Tier Status
GNCP’s directors are in contact with the OTC Markets Compliance. According to the directors, it is unlikely that the OTC Markets Compliance will require the filing of further amended Q3 Reports. Once the OTC Markets Compliance reviews the director’s response, the company is optimistic that they will immediately get the PINK CURRENT status.
The Directors acknowledged that shareholders might be anxious about the OTC PINK Current reinstatement so that the company can announce transactions. The board is asking shareholders to be patient as the company resolves the issue, and they don’t need to contact the company on the matter for now. On October 27, the company confirmed that it would file its Annual Report and Attorney Letter for the year ending September 30, 2021, after its PINK CURRENT status has been reinstated. Ahead of the reinstatement, GNCP is worth watching.
Traders Corner
GNCP stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0009. The stock is down 60% in the past 3-month.
