iQSTEL Inc. (OTCMKTS:IQST) Stock Continues to Trade in a Range After The Recent Move

iQSTEL Inc. (OTCMKTS: IQST) stock is in a range. The company has appointed Jose Antonio Abdo as its EVOSS B2C Division CEO. Following his appointment, Adbo will also become the Senior Vice President of Business Development for iQSTEL.

Market Reaction

On Tuesday, IQST stock fell 2.25% at $0.4299 with more than 415k shares, compared to its average volume of 749k shares. The stock has moved within a range of $0.4200 – 0.4595 after opening the trade at $0.4595.

IQST – iQSTEL Names New B2C Division CEO

Abdo will be in charge of fast tracing the company’s Fintech and Electric Vehicle lines besides supporting commercial development of collaborations with big Fortune 500 firms, governmental organizations, and large world telecom operators to advance iQSTE’s Blockchain proprietary solutions (MNPA) and Internet of Things ) IoTSmartGas, IoTSmartTank, IoTSmartEV).

It is vital to point that Abdo has supported the company’s Independent Board of Directors as an Advisor since February last year. He has expansive experience and knowledge with Mexico, Caribbean, and LATAM markets. In the past 30 years, Abdo has traveled widely and created relationships across the regions in the electric power transmission and telecom sectors. He has been working to create insight on market dynamics in the regions, which he will leverage to help iQSTEL. Therefore, in the coming months, IQST is worth watching.

Key Quote

Mr. Iglesias CEO of iQSTEL commented, “We have selected Tony to fast track the Company’s B2C Division, with the manufacturing our first batch of motorcycles to be completed in December, and the imminent global launching of our Maxmo/Vimo – Global Money One product.  Tony knows the company very well.  He knows our products and services and shares our passion for effective execution. He is one of the best sales executives I ever have known, and for more than 30 years, he has continuously broken one sales record after another in Latin America.  There is no one better than Tony to bring the company to the next level”.

Traders Review

IQST stock is trading below the 20-Day and 50-Day Moving averages of $0.44 and $0.48 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.66. The stock is up 2% over the past quarter.

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