Sparta Commercial Services Inc. (OTCMKTS:SRCO) Stock Jumps On Unusual Volume: But Why?

Sparta Commercial Services Inc. (OTCMKTS:SRCO) was up 15% after announcing the welcoming of one of the leading Southwest private car clubs to its mobile application technology. Currently, private clubs are a fast-growing part of the Sparta iMobileApp product user base.

Market Stats

On Wednesday, SRCO stock surged 14.81% to $0.1550 with more than 23K shares, compared to its average volume of 25K shares. The stock moved within a range of $0.1400 – 0.1595 after opening trading at $0.15.

Sparta Commercial Welcomes the Southwest’s Most Exclusive Private Car Club as Its Newest iMobileApp Client

According to the company, the iMobileApp is attracting more attention and demand from all types of clubs. Golf clubs, sporting clubs, country clubs, and other public and public clubs benefit from iMobileApp’s excellent features. The company expects more clubs like this to take advantage of the cost-efficient benefits and features the mobile apps can provide.

CEO Anthony Havens stated that club participants must be able to login into password-protected applications to get content tailored to their individual needs, and it’s especially important for Sparta club clients. The application development team has extensive experience building and executing mobile applications with features that improve members’ experience while also assisting clients in better managing their member communications. So, SRCA is worth watching.

Key Quote

Anthony Havens, Sparta’s CEO, says, “It is crucial for club members to be able to log in to password-protected apps to access content specific to their needs, and it is of particular importance to our club clients as well. Our mobile app development team is experienced in designing and implementing mobile apps with features that enhance each member’s experience while helping our clients more effectively manage their communications with members.”

Traders Corner

SRCO stock is trading above the 10-Day and 20-Day Moving averages of $0.13 and $0.13 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.11.