The BC Bud Co (OTC: BCBCF) Stock Takes a Hit after Proposed Change of Business
This morning most investors are going to be interested in the stock of those companies that may have been in the news cycle this past Friday, and The BC Bud Co. (OTC: BCBCF) could be one such company. On February 21, the company hit the newswires after it made an announcement with regards to a key change.
The Update
In the news release, the company announced that it had planned to make a change to an investment issuer from a cannabis issuer. It was a major new announcement from The BC Bud and one that could lead to considerably more attention for the stock over the course of the coming days. It was also noted that it had conducted a detailed evaluation of the prevalent operations and concluded that the industry contacts and experience of the management as well as the board would be able to discover and cash in on investment opportunities.
Further Details
The BC Bud also stated that such investments will eventually lead to greater value to the shareholders as well. Once the proposed change of business is completed, the company would work on generating returns through its investments. It may be a good time to add The BC Bud to your watch lists.
Technicals
| +/- EMA(20) | 0.1 (+0.00%) |
| +/- SMA(50) | 0.1 (+0.00%) |
| +/- SMA(200) | 0.05 (+100.00%) |
| 5-Day Perf. | +11.11% |
| 1-Month Perf. | -20% |
| 3-Month Perf. | +53.85% |
| 6-Month Perf. | +400% |
| YTD Perf. | -4.76% |
| 1-Year Perf. | +400% |
| RSI(14) | 52.08 |
| ATR(14) | 0.01 |
| ADX(14) | 20.21 |
| Beta (5Y) | 0.10 |
