In the past days, the Bounce Mobile Systems Inc (OTCMKTS:BNCM) stock has gone through a fairly tough period and the trends remained the same on Thursday as the stock ended the day with a decline of 19%.
Market Reaction
On Thursday, BNCM stock slumped 19% to $0.0810 with 41K shares, compared to its average volume of 5.7K shares. The stock moved within a range of $0.0810 – 0.0910 after opening trade at $0.0910.
BNCM Will Launch GIGSBOSS Officially by June 2022
As it happens, the decline in the stock on Thursday took the cumulative decline over the course of the past week to as much as 38%. This morning the company was actually in the news and it may be a good idea to take a look into it before the start of the trading day.
The company announced that it had gone into partnerships with British Cambridge College and Servebank Financial for the development of a platform for freelancers from all over the globe at some point in June this year. The platform in question is named GIGSBOSS.
The platform is going to allow freelancers to set up their own profiles and then search for suitable jobs and apply to them for free. On the other hand, companies will also have the option to get access to the best possible talents in the world for different jobs and also maintain a budget at the same time.
Key Quote
BNCM and GIGSBOSS CEO, Hatatid Shapiro states, “Our mission is to improve the economic well-being of communities across the world and reduce unemployment and poverty by creating economic opportunities for them. GIGSBOSS aims to achieve over 500,000 active freelancers by end of the year through strategic partnerships with various business associations, colleges, corporates, cooperatives, non-governmental and non-profit organizations, etc.”
Traders Review
BNCM stock is trading below the 20-Day and 50-Day Moving averages of $0.16 and $0.33 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.43.
