Home Financial Markets Penny Stocks Why Stock of MediaTechnics Corporation (OTC: MEDT) Skyrocketed 133%?

Why Stock of MediaTechnics Corporation (OTC: MEDT) Skyrocketed 133%?

MediaTechnics Corporation (OTC: MEDT) skyrocketed +133.33% on Tuesday to close the trading at $0.0021. Per the week, the stock gained 50%, while for the month, it gained 200.00%. This quarter’s performance saw an increase of 2000.00%, but overall, it was able to perform 950% over the past year, which yields a YTD performance of 425% and a 6-month growth of 600.00%. The stock has been fluctuating between $0.0047 and $0.0001 in the last 52 weeks meaning that the current price is at a 2000% premium to its 52-week low and -55% below the 52-week high.

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Company Profile:


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  • MediaTechnics Corporation is a development company of advertising websites for the marijuana industry.
  • It operates BlazeNow, a suite of smartphone apps for the operating systems of iOS and Android; and BlazeNow.com, a platform for the distribution of product and position promotional services, as well as a mechanism of shared customer evaluation for the legal cannabis industry’s clinics, physicians, and delivery services.
  • It operates providing professional consulting services to the medical and recreational cannabis markets, as well as packaging and private labeling services.
  • It also engages in nutrients study and testing to promote flower yields and eradicate crop-damaging pests; and indoor cultivation technology, including LED lights and devices for environmental sustainability, as well as mining, reviewing, and providing information on sales and product results.

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Finally,

Investors in the United States have gradually become less uncertain about future of the cannabis industry, which has encouraged them to put their bids on cannabis stocks. Marijuana stocks have stabilized and are helping to grow the cannabis industry as investors’ confidence has improved.

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