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TPT Global Tech Inc. (OTCMKTS:TPTW) Stock Falls 75 After Key Updates

Pete Matthews , , , ,

TPT Global Tech Inc. (OTCMKTS:TPTW) fell 7% after the company announced that TOT Medtech, its subsidiary, will open the first “QuikLab” portable laboratory and commence Point of Care and COVID-19 testing on the Grenada island.

Market Stats

On Monday, TPTW stock fell 7.10% to $0.0120 with 5.30 million shares, compared to its average volume of 6.18 million shares. The stock has moved within a range of $0.0111 – 0.0130 after opening trading at $0.0130.

Major Announcement

Operations on the island will introduce the “QuikPASS” and QuikLAB” and Verify Passport tech platform to local citizens, tourists, and government agencies.Already the company has deployed its maiden Mobile “Quiklab” on the island, with an opening scheduled for January 5, 2022.

Notably, local citizens and tourists across the country will be tested at the authorized “QuikLaAB” facility, download the “QuikLAB,” and be tested with the electronic presentation of results. After clearance for travel, tourists will be able to display the HIPPA compliant results on their phone to show that they have been tested within the required time to allow for travel.

Also, the company has launched the QuikPASS and QuikLAB tech platform in Jamaica, with the QuikPASS, put in use at the Kingston and Montego Bay international airports. So, investors should watch TPTW.

Key Quote

“Our team on the ground in Grenada have done a great job getting the first “Quiklab” up and running,” said Stephen Thomas, CEO of TPT Global Tech. “What also excites us now is our ability to offer other lab panel testing in our “Quiklabs” Internationally and Domestically such as Diabetes, Glucose, CBC and Chemistry Panels the results all being delivered to patients over our “QuikPass” Check and verify platform in hours instead of days and also give the physician Telemedicine capabilities.”

Traders Corner

TPTW stock is trading below the 20-Day and 50-Day Moving averages of $0.00132653 and $0.0160 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0207.

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.