Holding company Global Technologies Ltd (OTCMKTS:GTLL) saw its shares trading in a range on Tuesday, but at the same time, it should be noted that there was also important news regarding the company. The Company operates through a range of subsidiaries and is primarily involved in the online sale of CBD and hemp related products.
On Tuesday, GTLL stock finished at $0.0016 with over 32.96 million shares, compared to its average volume of 101.15 million shares. The stock moved in a range from $0.0016 to $0.0018 after the trade opened at $0.0016.
Global Technologies made headlines yesterday after providing key updates regarding the innovative proactive hydrogen production management software solution that was developed by Tersus Power. The software solution is developed by Tersus Power in collaboration with BB2 Labs.
The update was a big one from Global Technologies, but it didn’t garner significant attention for the stock on Tuesday. However, it should be noted that if the project moves quickly, Global Technologies could attract significant investor attention in the short term.
Therefore, it may be wise for investors to consider following the development of this Tersus Power project more closely in the coming weeks. It remains to be seen whether the title evolves or not in the coming days.
Sam Balooch, Chief Information Officer of Tersus Power, said: “Tersus Power’s hydrogen production plant is a game-changing technology. BB2 Labs, in partnership with Tersus Power, is close to delivering the completed design of the analysis package.
GTLL stock is below the 50-day and 200-day moving averages of $0.0018 and $0.0020 respectively. Additionally, the stock is trading above the 20-day moving average of $0.0027.