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Xcelerate Inc (OTCMKTS:XCRT) Stock Consolidates After Recent Fall

Madison Hall , , , ,

Shares of Xcelerate Inc (OTCMKTS:XCRT) have been consolidating over the past few sessions. The stock has soared 26% in the past week.

Market Stats

On Monday, XCRT stock fell 0.96% to  $0.0515 with more than 183K shares, compared to its average volume of 223K shares. The stock moved within a range of $0.0410 – 0.0520 after opening trading at $0.0515.

Xcelerate, Inc. Launches Pilot Project in Four African Hospitals

Xcelerate Inc (OTCMKTS:XCRT) on March 14, 2022, announced acquiring a majority control in medical technology and virtual health company, AfiyaSasa Africa, LLC. The firm’s technology will help patients in Africa to meet medical needs through the various hospitals and physicians.

Dr. Dilan Elegalla, Managers of the LLC, has relocated to Tanzania for establishing a pilot program for ASA System in the country. ASA has verbal commitments to launch AfiyaSasa Tanzania as a pilot in 4 hospitals. The four institutions represent about 20 million people.

Once the pilot is tested and established, the company will roll out into institutions and outreach clinics. Jakaya Kikwete Cardiac Institute has demonstrated interest in joining the pilot initiative. A specialty hospital having a countrywide presence, JKCI has 60 million Tanzanians plus regional patients. Currently, the plan is to commence the pilot in a single hospital and expand extra facilities as technical issues are resolved. ASA is expecting to have completely operational beta sites in about four facilities by the end of quarter two in 2022.

Michael O’Shea, Xcelerate CEO said that the firm is happy with the quick progress made by the ASA team. Xcelerate aims to submit an application for uplisting QB market in near future. This will augment reach within the investor community for providing investment in the ASA program and medical technology patent program.

Traders Corner

XCRT stock is trading below the 20-Day and 50-Day Moving averages of $0.0585 and $0.0675 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0770.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.