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Ynvisible Interactive Inc. (OTCMKTS:YNVYF) Stock Extends Rally: Soars 40% In a Week

Pete Matthews , , , ,

Ynvisible Interactive Inc. (OTCMKTS:YNVYF) was up 11% and has gained 40% in a week. The company has announced that its CEO Michael Robinson has stepped down effective December 31, 2021, from his role to pursue other opportunities beyond the Internet of Things.

Market Stats

On Wednesday, YNVYF stock moved up by 11.41% to $0.2785 with 19K shares, compared to its average volume of 7.4k shares. The stock has moved within a range of $0.2636 – 0.2976 after opening trading at $0.2636.

Ynvisible Announces Appointment of Ramin Heydarpour as Interim CEO

Ynvisible’s Executive Chairman, Ramin Heydarpour, will take over as Interim CEO to focus on Ynvisible’s product commercialization. Robison stated the decision to resign was a difficult one that he arrived at following a lot of thought. He said that he had been honored to serve as Ynvisible CEO since September 2020 alongside a great team in the industry.

Heydarpour thanks Robison on behalf of the board for his accomplishments and service during his term as CEO, more so during the pandemic. The interim CEO wished Robinson the best in his endeavors. Heydarpour added that they are confident of the company’s one to three-year commercial plans, and he will continue executing the strategies until the company gets a seasoned CEO. So in the coming weeks, YNVYF is worth watching.

Key Quote

Ramin Heydarpour, Executive Chairman, stated, “On behalf of the Board, we thank Mr. Robinson for his service and accomplishments during his tenure as CEO, particularly during the COVID-19 pandemic. We wish Michael the very best. I am most confident of Ynvisible’s 1-3 year commercial strategies and I take on the CEO role with a view to execute on those strategies whilst the Company finds a seasoned executive to serve as a successor to Mr. Robinson.”

Traders Corner

YNVYF stock is trading below the 50-Day and 100-Day Moving averages of $0.2825 and $0.3383 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.4921.

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.