Shares of Water Technologies International (OTCMKTS:WTII) gained momentum on Friday after the recent fall.
Market Reaction
On Friday, WTII stock increased 7.26% to $0.0067 with 6.35 million shares, compared to its average volume of 11.55 million shares. The stock has moved within a range of $0.0052 – 0.0075Â after opening trade at $0.0062.
Recent News
Leader in technology in atmospheric water generator’s production and design, Water Technologies International (OTCMKTS:WTII), announced receiving Orders for two 5 Ton AWGs.
The firm is witnessing a surge in requests for proposals for water generation products and water treatment for real estate projects.
The requests are coming in from resorts, hotels and condominiums and the firm has witnessed significant growth in AWG market in the current year due to a water crisis. Combination of desalinization plants for toilets and showers together with AWGs in each unit for drinking water and can add a million dollars per project.
Water Zone is located in West Palm Beach and has been in business since 1985 giving commercial and residential water treatment throughout Florida.
Water Technologies, Inc.’s CEO, William Scott Tudor said that the market for new real estate projects needs ample water supply and the combined product lines of the companies will ensure water treatment and water generation solutions for commercial clients.
Tudor expects this to be a game changer for the company as it can focus on commercial applications for its wastewater processing, Water Generation, Ozone and hydrogen technologies.
The CEO concludes that the goal is to further commercial water generation manufacturing ability and reduce cost of production per gallon.
Traders Review
WTII stock is trading below the 20-Day and 50-Day Moving averages of $0.0074 and $0.0091 respectively. However, the stock is trading above the 200-Day moving average of $0.0120. The stock is down 30% over the past 3-month.
