The Peer to Peer Network (OTCMKTS:PTOP) stock was trading within a range on Wednesday but that does not mean that the stock may not be worth tracking. As it happens, the company was in the news yesterday after it made an announcement with regards to the sort of progress it has managed to make on several fronts.
Trading Data
On Wednesday, PTOP stock ended flat at $0.0005 with 170.43 million shares, compared to its average volume of 21.77 million shares. The stock has moved within a range of $0.0004 – 0.0006 after opening trade at $0.0005.
PTOP Announces Multiple New Initiatives
In addition to that, Peer to Peer Network also made an announcement with some of the new initiatives that it has commenced. It was noted that the current Chief Executive Officer of the company Joshua Sodaitis is always on the lookout for ways to further strengthen the balance sheet.
In addition to that, he is also interested in boosting the intellectual property portfolio of Peer to Peer Network. Yesterday, the company noted that on February 1 it had managed to buy as many as three new domain names.
The domain names have been bought by Peer to Peer Network with the view of further expanding the intellectual property portfolio and is a preparation for the slew of new initiatives that are going to be announced at some point in the future. It remains to be seen if the Peer to Peer Network stock breaks out any time soon.
Key Quote
“This new initiative is great, because it will allow me to directly respond to shareholders and set a lot of things straight. It also potentially can lead to greater visibility and investor awareness that may have a positive effect” commented Chairman & CEO Joshua Sodaitis.
Technical Data
PTOP stock is trading below the 20-Day and 50-Day Moving averages of $0.0007 and $0.0007 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0011.
