Shares of MHHC Enterprises (OTCMKTS:MHHC) have been moving within a narrow range over the past few sessions.
Market Reaction
On Tuesday, MHHC stock ended flat at $0.0330 with 33 shares, compared to its average volume of 12.45K shares. The stock moved within a range of $0.0330 – 0.0330 after opening trade at $0.0330.
MHHC Enterprises Inc. Plans to Uplist to OTCQB
Diversified holding company, MHHC Enterprises (OTCMKTS:MHHC) on March 1, 2022, announced plans for uplisting common stock tothe OTCQB Venture Marketplace. This augments transparency, improves reporting standards, entails management certification as well as adds extra compliance requirements. This can lead to more liquidity and awareness for firms meeting OTCQB standards.
Post approval of Reg-A, Tier 2 Offering, the company is planning to uplist from OTCPINK to OTCQB. MHHC Enterprises provides its investors additional transparency as it continues to enhance position in public markets. The firm is hoping investors remain engaged as it has been allocating much resources to building out e-commerce site, ONBLi, led by ONBLi CEO, Anderson Salgado. MHHC Enterprises software development team is working on extra enhancements on ONBLi e-commerce site with consumer warranty purchases on its soon to be launched MHHC Warranty and Services, Inc. website purchase portal.
Frank Hawley, MHHC’s CEO said that taking advantage of Anderson Salgado’s significant experience, it aims to incorporate additional skincare as well as premium beauty brands on the platform. Hawley expressed excitement on its 2022 plans coming together.
MHHC Enterprises Inc has core businesses including MHHC Warranty and Services Inc, ONBLi, Inc and MHHC Reinsurance, Inc. The company is operating in over 1,000 retail locations in United States selling Extended Service Contracts.
Key Quote
“After receiving approval for our Reg-A, Tier 2 Offering, we now plan to uplist from OTCPINK to the OTCQB. We feel this gives MHHC’s investors additional transparency as we continue to execute on our plan for 2022 which includes enhancing our position in the public markets.
Traders Review
MHHC stock is trading below the 20-Day and 50-Day Moving averages of $0.0365 and $0.0405 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.2227.
