Lifequest World Corp (OTCMKTS:LQWC) has come into focus among investors over the course of the past week and during the period; its stock has managed to clock gains of as much as 9%.
On Monday, LQWC stock increased 2.72% at $0.0774 with more than 45.45K shares, compared to its average volume of 152.28K shares. The stock has moved within a range of $0.0700 – 0.0774 after opening the trade at $0.0700.
Management Report for the Week Ended October
While the gains made by the stock are expected to bring the Lifequest stock into focus among investors, it cannot be denied that there has been no news at all about the company for many months. Hence, the gains made by the stock may even seem speculative to some investors. However, it might be a good move to take a look at the nature of the company’s business.
The company is involved in waste water treatment of a decentralised nature and also in reuse technologies. In addition to that, Lifequest is not only involved in creating innovative technologies in this regard but also wish to make those technologies disruptive and scalable.
In addition to that, it is also important for investors to keep in mind that the company has deployed its own capital in order to make investments in this space. While it is true that there has been no news for months, the nature of the company’s business could make it worthwhile for investors to keep an eye on it.
LQWC stock is trading below the 20-Day and 50-Day Moving averages of $0.0782 and $0.0853 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1667. The stock is down 49% in the past month.