Graph Blockchain Inc. (OTCMKTS:REGRF) was up 12% after the company announced that its New World Inc.subsidiary has applied for a patent connected to Geo-Pinning of ARObjects to USPTO.
Market Reaction
On Monday, REGRF stock surged 12% at $0.0540 with more than 720k shares, compared to its average volume of 565k shares. The stock has moved within a range of $0.0500 – 0.0563 after opening the trade at $0.0500.
Major News
The pending patent with the USPTO for then tech is the initial step for Graph in the search for patent protection in Europe, Canada, and the US and establishing the company as a technological leader and pioneer in the AR platforms realm.
The patent application forms part of the many the company expects to submit in the US and globally to secure exclusive rights for its tech. Even though the Canadian AR NFT platform is pursuing patent protection in Europe, Canada, and the US, they only limit the goal to these markets. Graph will equally file a Patent Cooperation Treaty to obtain patent-pending position that will allow it to reserve international patent rights across PCT member states. So, in the coming weeks, REGRF is worth watching.
Traders Review
REGRF stock is trading above the 20-Day and 50-Day Moving averages of $0.0498 and $0.0458 respectively. However, the stock is trading below the 200-Day moving average of $0.0874. The stock is up 35% over the past month.
