Why is GZ6G Technologies Corp (OTCMKTS:GZIC) Stock Down 64% In a Week?

Last Friday GZ6G Technologies Corp (OTCMKTS:GZIC) was in the news after it announced that it had engaged the services of Pacific Stock Transfer Company as its successor registered transfer agent. Pacific Stock Transfer would replace Continental Stock Transfer and Trust Company as the company’s transfer agent.

Trading Data

On Friday, GZIC stock lost 5.56% to $0.0017 with more than 3.07 million shares, compared to volume of 1.55 million shares. The stock moved within a range of $0.0011 – 0.0017 after opening trade at $0.0017.

GZ6G Technologies Corp. Engages Successor Firm to Serve as Transfer Agent

The company noted that on May 15 the Continental Stock Transfer and Trust Company concluded the transfer of its shareholder records to Pacific Stock Transfer Company. In the press release, GZ6G Technologies that the hiring of Pacific Stock Transfer Company as its transfer agent was going to be a major asset and it was looking forward to the association.

Last year Pacific Stock Transfer had been acquired by Securitize and had instantly turned it into among the top 10 biggest transfer agents in the business.

Additionally, Pacific Stock Transfer is known for providing excellent customer service, accurate transaction services, and also boasts of a team of seasoned professionals. GZ6G Technologies noted that the level of service that it would be provided by Pacific Stock Transfer would help it in further boosting its corporate operations. It remains to be seen if the announcement brings the GZ6G Technologies stock into focus or not.