Shares of Metro One Telecommunications (OTCMKTS:WOWI) continued to trend lower on Tuesday, extending its weekly fall to 17%.
Market Reaction
On Tuesday, WOWI stock ended lower by 5.07% to $0.09 with more than 10k shares, compared to its average volume of 12.40K shares. The stock has moved within a range of $0.0900 – 0.1000 after opening trade at $0.10.
Signs Service Agreement with Israeli Convenience Store Chain, HaMakolet
Next-gen, instant mobile commerce platform enhanced with a proprietary digital advertising media suite tool, Metro One Telecommunications (OTCMKTS:WOWI) on December 7, 2021, announced that the wholly-owned Israeli subsidiary, Stratford Ltd (Shelfy) signed HaMakolet, Israel’s as the newest customer.
Shelfy is transforming the manner of retailers integrating mobile commerce solutions into business along with retailers such as HaMakolet.
HaMakolet has 9 stores across Northern Israel and caters to customers valuing customers looking to procure fresh groceries quickly, providing them with a frictionless mobile shopping experience. Shelfy’s mobile commerce platform enables retailers such as HaMakolet to bring their business online and augment cart size, customer engagement as well as lifetime value.
Bianca Meger, CEO of Metro One said that the company is thrilled about choosing HaMakolet as the mobile commerce platform for the solution. Meger added that they can pay attention to growing core business. Rom Brookner, owner of HaMakolet said that the company believes in providing convenience to customers and Shelfy’s platform is a logical next step for the digitally savvy clientele.
HaMakolet is aiming to expand the chain through a franchise model and is looking at implementing a mobile app to be a major sales channel in near future.
Rom’s partner and co-owner Yaniv Ben Eli said that Shelfy’s digital marketing suite enables the brand to inform as well as influence shoppers.
Traders Review
WOWI stock is trading below the 20-Day and 50-Day Moving averages of $0.0941 and $0.1160 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1037. The stock is down 35% over the past month.
