Ozop Energy Solutions Inc (OTCMKTS:OZSC) Stock Falls On Profit Booking After The Big Jump

It has been a fairly volatile time for the Ozop Energy Solutions Inc (OTCMKTS:OZSC) stock in the past few days. There was no news about the stock on Tuesday but the stock suffered from a selloff nonetheless and tanked by as much as 24%.

Market Stats

On Tuesday, OZSC stock slumped 23.50% at $0.0597 with more than 240.96 million shares, compared to its average volume of 42.77million shares. The stock has moved within a range of $0.0580 – 0.0880 after opening trading at $0.0782.

Recent Development

However, at the same time, it is also necessary for investors to keep in mind that the Ozop Energy Solutions stock is still up by as much as 54% over the past week. Hence, it might be a good move to take a look at a press release from the company last week on November 10.

The company announced that it was looking forward starting 2022 strongly owing to the implications of the $1 trillion infrastructure deal that could open up fresh opportunities for its business.

Ozop noted that the as per the provisions of the bill, the power infrastructure in the United States is going to be modernised and there is also going to be ample support for renewable projects. The company went on to note that the bill could be one of the more important packages to have been devised by the government for the environment.

Key Quote

“OZOP continues to develop new designs and engineer new solutions for all available markets. With the passing of the Trillion Dollar Bill, OZOP couldn’t be more excited for the opportunities opening to us,” stated Brian Conway, CEO of Ozop Energy Solutions, Inc.

Traders Corner

OZSC stock is trading above the 20-Day and 50-Day Moving averages of $0.0470 and $0.0449 respectively. However, the stock is trading below the 200-Day moving average of $0.0914. The stock is up 58% in the past month.