Shares of the natural resources company Amazonas Florestal, Ltd (OTC: AZFL) fell by -12.50% to close the weekend session at $0.0028 on trading 1.245 billion shares on the day.
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Despite the slide in Friday session, stock is still at a gain of 115% over the past week, while that gain rises to 2700% in trades over the past month. About 1.245 billion shares were traded in last session while the average volume remained 691.1 million during past month.
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Company’s core competencies:
- Being a forest resource management firm, Amazonas Florestal Ltd., works to manage large tracts of Amazon rainforests in Brazil in a creative and sustainable environment.
- AZFL also involves the registration and selling of carbon credits and the cultivation, harvesting, research and development in the U.S. and internationally of Industrial Hemp and associated high CBD products.
- Located in Miami, FL, Amazonas’ goal is to become a leader in sustainable forest management, producing profits as it protects the rainforest ecosystem’s biodiversity and improves the livelihood of those living there.
- The company aims to help preserve one of the world’s greatest natural resources through a strategy of selective harvesting, certification and selling of carbon, biomass and biofuel production, and recycling benefits, and to demonstrate how its protection can be a lucrative operation.
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Why the stock fell?
Despite the fact that there was no directly related news that could make the stock fall, it seems that on Friday the stock price dropped as it had been increasing each of the previous 4 sessions of the last week.