Investview Inc (OTCMKTS:INVU) Stock Extends Rally: Soars 55% in a Week
Diversified fintech company Investview Inc (OTCMKTS:INVU) has come into considerable focus among investors over the course of the past few days and the trend continued on Tuesday.
Market Stats
On Tuesday, INVU stock moved up 11.32% to $0.1160 with more than 8.15 million, compared to its average volume of 1.74 million shares. The stock has moved within a range of $0.0955 – 0.1360 after opening trading at $0.1047.
Recent Buzz
Although there was no news about the company yesterday, the Investview stock got a lot of action and ended the day with gains of as 11%. That took the gains clocked by the stock to as much as 55% over the course of the past week. In this context, it might be a good idea for investors to take a look into the announcement that it made back on November 9.
The company, which has made a move into the Bitcoin mining and digital assets spaces, made an announcement regarding operational updates with regards to its production performance for the month of October. In October, the company managed to generate gross revenues to the tune of as much as $2.5 million from its digital assets and Bitcoin business.
That reflected a year on year rise of as much as 186%. On the other hand, the gross profits for the period came in at $1.9 million and that represented a year on year rise of a staggering 381%. Hence, the rally in the stock in recent days is perhaps understandable.
Traders Corner
INVU stock is trading above the 20-Day and 50-Day Moving averages of $0.10 and $0.11 respectively. However, the stock is trading below the 200-Day moving average of $0.19. The stock is up 45% in the past week.
