C-Bond Systems (OTCMKTS:CBNT) Stock Takes a Hit On Profit Booking

Shares of C-Bond Systems (OTCMKTS:CBNT) were under selling pressure as investors booked profit after the recent jump.

Market Reaction

On Wednesday, CBNT stock fell 10.50% at $0.0300 with more than 1.05 million shares, compared to its average volume of 485k shares. The stock has moved within a range of $0.0225 – 0.0387 after opening the trade at $0.0326.

Patriot Glass Solutions, a Division of C-Bond Systems, Receives $95,000 Purchase Order for the Installation of Bird Strike Film

Houston-based nanotechnology company and marketer of the patented and patent-pending C-Bond technology, C-Bond Systems (OTCMKTS:CBNT), announced on November 10, 2021, that the Patriot Glass Solutions division has got a $95,000 purchase order for installation of bird strike film at Texas community college.

The company is expecting installation to start, an extension of the security film and safety offerings this month.

Also known as fritted window film, Birdstrike film, is designed with a line or dot patterns for allowing birds to see reflective windows appearing invisible, preventing death or injury for birds besides possible property damages.

Michael Wanke, President of Patriot Glass Solutions said that Bird strike film is another example of the diverse specialty window films offerings provided to customers.

Wanke added that most people don’t know the importance of bird strike films in saving potentially hundreds of millions of birds. The President said birds are an essential part of the ecosystem and the problem can be addressed significantly by the installation of bird strike film.

Patriot Glass Solutions is engaged in protecting commercial, personal as well as government property from rioting, looting, break-ins, and gunfire. Some of the leading products include ballistic-resistant film system C-Bond BRS and multi-purpose glass strengthening primer and window film mounting solution C-Bond Secure.

Key Quote

Michael Wanke, President of Patriot Glass Solutions, stated, “Bird strike film is yet another example of the broad variety of specialty window films we offer to customers. Many people don’t realize the importance of bird strike films in saving potentially hundreds of millions of birds, which are an important part of our ecosystem, each year from mistakenly flying into buildings. This is an extremely common problem that is greatly helped by the installation of bird strike film.”

Traders Review

CBNT stock is trading below the 20-Day and 50-Day Moving averages of $0.0336 and $0.0349 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0429. The stock is down 27% over the past month.

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