Alkame Holdings Inc (OTCMKTS:ALKM) Debt Pares: Stock in Range
Health and wellness company Alkame Holdings Inc (OTCMKTS:ALKM) may have traded in a range yesterday, but at the same time investors should keep in mind that the company has been in the headlines. newspapers yesterday.
On Thursday, ALKM stock finished at $0.0007 with 88.81 million shares, compared to its average volume of 29.34 million shares. The stock moved in a range from $0.0006 to $0.0008 after the trade opened at $0.0007.
Alkame Holdings Inc. announces $1,000,000 reduction in overall debt
The company announced yesterday that it had successfully reduced its total debt by another $500,000 and needless to say, this was a major announcement. However, this did not generate much enthusiasm from investors and the stock continued to trade in a range. It will be interesting to see if the stock gets some traction today or not.
Alkame Holdings has been quite active in its quest to reduce its debts and liabilities lately in an effort to strengthen its balance sheet. The company has managed to reduce debt by up to $1,000,000 in just under eight months and it remains to be seen whether Alkame can be equally active in debt reduction in the future.
Robert Eakle, who is the company’s chief executive, noted that Alkame is focused on gradually reducing debt to position the company for future growth.
Robert Eakle, CEO of Alkame, said, “We continue to actively reduce our debt and position our business for future growth. Stay tuned, many good things to announce very soon.
MSTO stock is trading below the 20-day and 50-day moving averages of $0.0007 and $0.0007 respectively. Additionally, the stock is trading below the 200-day moving average of $0.0012.