Why Did Nowigence (OTCMKTS:NOWG) Stock Gain 100% On Tuesday?
Shares of Nowigence (OTCMKTS:NOWG) surged 100% in the previous trading session. Here are the latest developments.
Innovative software as a service company Nowigence (OTCMKTS:NOWG) is focusing on developing and bringing to market a comprehensive, ready-to-use AI platform, PluarisTM. The platform delivers the combined power of a smart search engine and an intelligent reader, assessing private and public data for relevant content in real-time on any topic.
Market Stats
On Tuesday, NOWG stock soared 100% to $4 with more than 200 shares, compared to its average volume of 200 shares. The stock moved within a range of $ 4.0000 – 4.0000 after opening trading at $4.
Nowigence, Inc. Begins Trading Today on US Mid-Tier Stock Exchange OTCQB ‘the Venture Market’ Under Symbol ‘NOWG’
Nowigence on June 15, 2022, announced that the common stock will commence trading on the OTCQB Venture Market, which lists early-stage and developing companies in international markets and the U.S. Almost all data generated by humans is in the form of language but only some consumers or entities currently have resources to utilize it.
Anoop Bhatia, founder, and CEO of Nowigence said that it is a historic milestone in the growth journey that commenced five years back. Bhatia added that the firm is emerging from a private company to being a listed entity. Bhatia further stated that the company is looking to solve the information overload issue being experienced both at home and at work. He said that Pluarismimics is the way knowledge is absorbed by humans while searching for copious amounts of information. The milestone will be an important enabler to becoming a vital player in a quickly growing market, having a $20 billion potential.
Key Quote
“Today, we celebrate a historic milestone in our growth journey that began five years ago. We are emerging from being a private company to being publicly listed. The reason is that we want each knowledge worker to learning more in less time, thereby solving the information overload problem we all are experiencing at work and at home. Our machine learning and natural language processing app, called Pluaris, mimics the way we absorb knowledge as humans while searching through massive volumes of information,” said Anoop Bhatia, founder, and CEO of Nowigence. “This milestone is a key enabler of our mission to become a leading player in a rapidly growing market, which has a minimum potential of $20 billion of the serviceable market despite the most conservative lens used for estimating the opportunity size. We thank the entire team at Nowigence for their hard work, as well as our other investors for their support.”
Nowigence Forms Independent Growth Council
Nowigence Inc on June 13, 2022, had announced a new independent growth council for advising, strategizing, and assisting the operating team with the growth plan.
Anoop Bhatia, Nowigence founder, and CEO, said that the company is shifting gears in its growth journey and the announcement aims to give co-benefits to customers with value-driven innovation in the fields of natural language processing and machine learning.
Tracy Metzger, a board member since 2019, said that the growth council members will develop and source applications for Pluaris. The independent growth council includes Michael Connolly, having founded, and exited several digital media companies. It also has Rohit Kumar, who is the founder and CEO of Chapter Apps Inc. – a Mobile-First Digital Training and Learning Platform company.
Furthermore, Tinsley Galyean, co-founder and CEO of Curious Learning, and Girdhar Gopal Das, cofounder, and MD of Glocal Thinkers, Uday Bawa, and Gordon Haupt are some of the other council members.
