Premier Graphene Inc. (OTC: BIEI) Stock Gains Momentum: Here is Why
Premier Graphene Inc. (OTC: BIEI), previously known as Premier Biomedical Inc., was one of the companies to have hit the news cycle on Wednesday following a key development. Ahead of the beginning of the trading day, it may be a good time for investors to consider having a look into it.
Joint Venture
Yesterday the company announced that a joint venture between Premier Graphene, Isatek SA de CV, and two other parties had been completed.
In the news release, it was noted that over the course of more than thirty years of operational growth, Isatek had been the foremost player in systems and technology development in Mexico. Moreover, Isatek had also been involved in the development of blockchain technology in Mexico. As part of the joint venture, HGI Industrial Technologies would issue 10% of the authorized stock to Isatek.
The Joint Venture
As part of the joint venture, Isatek would be involved in the creation of a cryptocurrency for HGI Industrial and possibly for Premier Graphene for the purpose of generating funds for all parties and companies. It was also stated that Premier Graphene would sell the entirety of the allotment of the production from mining. It may be a good time to start keeping an eye on the Premier Graphene stock.
Management Comment
Pedro Mendez, Chairman and Chief Executive Officer of Premier Graphene, commented, “We are thrilled to be able to announce the closing of this joint venture. With Isatek as a joint venture partner, we will be able to leverage their relationships in Mexico and South America as we build our company.”
Traders Notes
Technicals
| +/- EMA(20) | 0.0009 (+0.00%) |
| +/- SMA(50) | 0.001 (-10.00%) |
| +/- SMA(200) | 0.0011 (-18.18%) |
| 5-Day Perf. | -10% |
| 1-Month Perf. | – |
| 3-Month Perf. | -25% |
| 6-Month Perf. | -40% |
| YTD Perf. | – |
| 1-Year Perf. | – |
| RSI(14) | 46.84 |
| ATR(14) | – |
| ADX(14) | 13.16 |
| Beta (5Y) | -0.06 |
