Shares of Global Trac Solutions (OTCMKTS:PSYC) moved lower on Monday, extending its weekly fall to 10%.
Market Reaction
On Monday, PSYC stock fell 5% to close at $0.0082 with more than 5.09 million shares, compared to its average volume of 3.26 million shares. The stock has moved within a range of $0.0080 – 0.0087 after opening the trade at $0.0080.
Major News
Leading publicly traded digital media firm in the emerging medicinal psychedelics sector, Global Trac Solutions (OTCMKTS:PSYC), on November 8, 2021, announced that the firm’s primary media platform, Psychedelic Spotlight, recently got the coveted top ranking on Google for search term “psychedelic news”.
This coincided with the month being most successful for site page views witnessing over 600K. Since the launch of the platform in mid-2020, the key focus of the firm has been to establish it as a prominent media platform for information, news as well as video content for the sector of medicinal psychedelics.
Behind the mission of producing engaging industry-relevant content along with SEO optimization strategies, Global Trac has found success in working its way up and the firm is pushing the platform to be a leading source for news and information on Psychedelics.
Global Trac Solutions, Inc. CEO, David Flores said that he expects tremendous value through the impressive following. Flores added that the firm has witnessed consistent growth in recent months both on page views as well as impressions making it the top-ranked on Google.
Director of Psychedelic Spotlight, Sarah Abelsohn said that it is a monumental time to be part of the progressive industry and its incredible growth over the last month just confirms that the firm is in the perfect spot.
Key Quote
“We see a tremendous amount of value potential in our ability to establish what has now become a very impressive following for Psychedelic Spotlight within the medicinal psychedelics industry,” said Global Trac Solutions, Inc. CEO, David Flores.
Traders Review
PSYC stock is trading below the 20-Day and 50-Day Moving averages of $0.0088 and $0.0091 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0150. The stock is down 10% over the past week.
