DRP Journal

Discover Research Profit

Finance 

SutimCo International Inc. (OTCMKTS:SUTI) Stock falls As Company ISSUES Key Business Update

Pete Matthews , , , ,

SutimCo International Inc. (OTCMKTS:SUTI) dropped 20% after unveiling its new website, www.SUTI.io, and offered updates regarding its new business strategy and master growth program for this year.  The company has also announced the launch of its cryptocurrency Sovern Utility Token International (SUTI). 

Market Stats     

On Monday, SUTI stock slid 20% to $0.0004 with more than 11.51 million shares, compared to its average volume of 23.59 million shares. The stock moved within a range of $0.0004 – 0.0006 after opening trading at $0.0006.

NFT and blockchain creation, new Cryptocurrency, and new business Developments

SOVERN, the firm’s innovative utility token, allows the firm, its affiliates, suppliers, and providers to conduct financial operations and merchants’ operations with simplicity and without any compliance difficulties or roadblocks.  www.Sovern.cc and www.theSovern.com will be the websites promoting SUTI’s Soverns.  On the upcoming www.SutiNFT.com, the company will also release a matching NFT software connected to the MJ market and industry space.

The firm continues to work with Ceasar Fund as it gets closer to following the lead of its mentors and joining the NASDAQ.  One of its investors, advisors, and his firms, is assisting the company with media and marketing growth.  As they refer to him, MW recently had one of his firms listed on NASDAQ.  So in the coming weeks, SUTI is worth watching.

Key Quote

“One of our investors, mentor, and his companies are helping us in our marketing and media development. MW, as we call him, had recently successfully moved one of his companies to NASDAQ, and his development and marketing team is helping our company move in that direction. We continue to develop our own MJ, CBD and Hemp related products, while pursuing business deals and relationships with other leading brands, such as our recent deal with N8 Essentials. Now our clients will be able to see and buy our products at www.suti.io” explained Edward Vakser, Chairman/CEO.

Traders Corner

SUTI stock is trading below the 20-Day and 50-Day Moving averages of $0.0005 and $0.0005 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0010. 

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.