Green Stream Holdings Inc (OTCMKTS:GSFI) Stock Gains Momentum: Jumps 10%
Green Stream Holdings Inc (OTCMKTS:GSFI) has emerged as one of the interesting players in the solar utility and financing industry in recent times and on Monday, the company’s stock came into considerable focus among investors. Investors piled on to the stock in a big way on Monday and sent it soaring by as much as 9%.
Market Stats
On Monday, GSFI stock went up 9.32% at $0.0129 with more than 1.62 million shares, compared to its average volume of 4.95 million shares. The stock has moved within a range of $0.2000 – 0.5199 after opening trading at $0.20.
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The spike in the stock may have been related to the fact that not too long ago Green Stream had repaid and settled a convertible promissory note worth as much as $69425.86 with Geneva Roth.
In this context, it is perhaps also necessary to keep in mind that Geneva Roth had also been entitles to prepayment fees, interest and principal along with certain specific rights. It goes without saying that the settlement was a significant development for Green Stream and the rally in the stock is perhaps understandable.
The settlement had been completed on November 17, 2021 and the same had been acknowledged in a letter by Geneva Roth on November 16. It was the full and final payment for the convertible promissory note from Green Stream. At this point, it could be a good move for investors to perhaps add the Green Stream stock to their watch lists.
Traders Corner
GSFI stock is trading below the 20-Day and 50-Day Moving averages of $0.0133 and $0.0163 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0554. The stock is down 63% in the past month.
