Software Effective Solutions Corporation (OTCMKTS:SFWJ) Stock On Radar After Recent Fall
On Wednesday, Software Effective Solutions Corporation (OTCMKTS:SFWJ) was in the news cycle after its subsidiary unit Medcana made a significant new announcement. Medcana announced yesterday that the construction activities with regards to the five distinct investment companies had been progressing as planned.
Trading Data
On Wednesday, SFWJ stock fell 2.31% to $0.0635 with more than 7.15K shares, compared to its average volume of 10.46K shares. The stock moved within a range of $0.0635 – 0.1400 after opening trade at $0.1400.
Software Effective Solutions’ (OTC: SFWJ) Medcana Subsidiaries Launch Construction Proceedings for Multiple Greenhouse Operations in Colombia
The company announced that placements, greenhouse designs and associated field tests had already been completed. In addition to that, it was also announced that the Anti-Narcotics and Ministry of Justice audits had also been completed and passed. The multiple greenhouse properties that are being constructed by Medcana are situated in Columbia and the latest announcement from the company was a fairly positive one.
It is going to be quite interesting to see if the latest announcements leads to any major focus on the stock of Software Effective Solutions Corporation, the parent company or not. On the other hand, the Chief Executive Officer of Medcana Gabriel Diaz spoke about the matter as well.
He noted that everyone at the company was happy with the progress that had been made with regards to the test greenhouses. He went to add that everything was progressing as planned in the entire project.
Key Quote
Gabriel Diaz, CEO of Medcana states “We are very happy with current results of test greenhouses. We are also happy that everything is going extremely well on all fronts. Market demand is extremely high which makes it very attractive to speed things up. However, we are making sure we are doing things well and deliberately to ensure a perfect outcome.”
Technical Data
SFWJ stock is trading below the 20-Day and 50-Day Moving averages of $0.0524 and $0.0446 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0817.
