Galaxy Next Generation (OTCMKTS:GAXY) has gained momentum after announcing the receipt of a software proposal from the Killeen Independent School District of Texas (KISD).
Market Reaction
On Monday, GAXY stock fell 15.22% to $0.0039 with 60.94 million shares, compared to its average volume of 7.77 million shares. The stock moved within a range of $0.0031 – 0.0050 after opening trade at $0.0043.
Galaxy Next Generation Awarded Software Bid from Killeen Independent School District of Texas
The award covers G2 Control and G2 Communicatorsoftware for the District, often on a basis from February 2, 2022, to October 10, 2022. However, KISD may, at its absolute discretion, prolong this offer for another sixty (60) days after it expires. As the schools place purchases, the number of permits for each one will be determined regularly.
CEO of Galaxy Gary LeCroy stated that the award shows the Company’s ongoing success in expanding in the K-12 education industry in Texas. He said that KISD is a reputable high, standards school district demonstrating careful, efficient, and transparent utilization of budgetary money and continuing improvement process. The Company is looking forward to collaborating with KISD to help them in keeping their superior status. Therefore in the coming weeks, investors should keep an eye on GAXY.
Traders Review
GAXY stock is trading below the 20-Day and 50-Day Moving averages of $0.0049 and $0.0060 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0093.
