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SYPR Technologies (OTCMKTS:SPYR) Stock In Focus After Latest Development

Pete Matthews , , , ,

Shares of SYPR Technologies (OTCMKTS:SPYR) have been trading in a range after the recent fall.

Market Stats

On Thursday, SPYR stock fell 2.44% to $0.0400 with more than 49K shares, compared to its average volume of 127K shares. The stock moved within a range of $0.0360 – 0.0409 after opening trading at $0.15.          

SPYR Technologies’ Applied Magix opens up pre-orders of their new MagixStatus Cables

Technology company SYPR Technologies (OTCMKTS:SPYR), whose subsidiary, Applied Magix is engaged in developing and reselling Apple ecosystem compatible products in growing multibillion-dollar IoT smart home and connected car markets, on February 24, 2022 announced pre-orders of new MagixStatus cables.

Applied Magix Founder and CEO, Dr. Harald Zink said that even as the company is ramping up production and waiting for final packaging delivery, it is opening up pre-sales of new product. Zink added that MagixStatus cables are truly the better mousetrap of charging cables and the firm is set to have first shipment delivered in next one month. The CEO added that by allowing customers to get pre-sales orders, it is providing an opportunity to enjoy a presales discount of 20%. He added that this is a win-win situation for all.

The MagixStatus cables as well as special page for pre-sale special would be available soon at the Applied Magix website. Consumers interested can visit the website https://AppliedMagix.com.

SPYR is engaged in identifying and targeting acquisitions which would grow footprint in industry and expand products offering to consumers. These include developing artificial intelligence and smart technology products. Headquartered in Colorado, United States, SYPR acquired Applied MagiX in October 2020 with a focus on the growing multi-billion dollar smart home market.

Key Quote

“While we are ramping up production and waiting for the final packaging to be delivered, we wanted to open up pre-sales for our newest, most exciting new product, the MagixStatus cables,” said Applied Magix Founder and CEO, Dr. Harald Zink. “These are truly the better mousetrap of charging cables, and we are set to have the first shipment delivered within 30 days. By allowing our customers to get in line early via pre-sales orders, we are also giving them the opportunity to enjoy a presales discount on the cables of 20%. Everybody wins, right?”

Traders Corner

SPYR stock is trading below the 20-Day and 50-Day Moving averages of $0.0477 and $0.0505 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0597.

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.