JPX Global Inc (OTCMKTS:JPEX) Stock Gains Momentum: Jumps 36% On High Volume
JPX Global Inc (OTCMKTS:JPEX) was a big mover last week, jumping 36% even as most stocks came under pressure. The rally came at the backdrop of the stock coming under pressure in recent months following a pullback from all-time highs.
Market Stats
On Friday, JPEX stock went up 3 % at $0.0237 with more than 6.42 million shares, compared to its average volume of 33.40 million shares. The stock has moved within a range of $0.0215 – 0.0239 after opening trading at $0.0230.
Recent News
This year, the stock has been on a fine form, rallying by more than 6,000% in the first half of the year. While the stock has pulled back slightly, it is still up by more than 3000% year to date.
The stock sentiments have received a significant boost in recent days, following the confirmation that the company has reached an agreement to merge with VeeMost Technologies. The merger will pave the way for the company to expand its footprint into the innovative cloud/cybersecurity space.
Vermont is a provider of global cybersecurity solutions and digital solutions in the U.S., India, and West Africa. Following the signing of the merger agreement, there are are plans to change from JPX Global to VeeMost Technologies.
Traders Corner
JPEX stock is trading below the 20-Day and 50-Day Moving averages of $0.0237 and $0.0283 respectively. However, the stock is trading above the 200-Day moving average of $0.0106. The stock is down 33% in the past month.
