It is often said that volatility in a stock can sometimes be a good thing as well if an investors knows what he is doing and hence, it could be a good move to take a look at the DLT Resolution Inc (OTCMKTS:DLTI) stock.
Market Reaction
On Thursday, DLTI stock ended flat at $0.60 with more than 50k shares, compared to its average volume of 23k shares. The stock moved within a range of $0.5200 – 0.6010 after opening trade at $0.56.
DLT Resolution’s Union Strategies Confirms It Is Onboarding All of the Nurses Union in the Canadian Province of P.E.I. to Its Younified(TM) App
The stock was in a volatile state yesterday but in this situation it might actually be the right decision from investors to look into the fundamentals and check out the announcement from DLT Resolution yesterday. The company announced that its fully owned subsidiary unit Union Strategies Inc had started the process of getting the entire province of P.E.I’s nurses on board its application YOUnified.
It was a significant announcement from the company since it implies that the number of users on its app are expected to rise. In addition to that, DLT Resolution also noted that that it continued to notice considerable traction for its app from among its existing pool of clients.
On the other hand, the app continued to be attractive with regards to the possibility of landing new clients as well. It is now going to be interesting to see how the stock performs today and if the volatility persists.
Key Quote
Commenting on the news, “We are very pleased to have landed this contract,” said Fred Vecchio, President of Union Strategies. “We expect that this will create a positive cascading effect amongst the Medical Unionized community.”
Traders Review
DLTI stock is trading below 20-Day and 50-Day Moving averages of $0.6586 and $0.7790 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.50.
