Geometry Dash APK Hill Climb Racing APK
48.4 F
New York
Wednesday, February 24, 2021

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Must read

Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Regains Momentum at a Critical Time

The artificial intelligence sector has grown at a breakneck pace over the course of the past half a decade or so and...

American Battery Metals Corp (OTCMKTS:ABML) Points up on Surge of Momentum

One of the stocks to have seen a lot of action last week was that of American Battery Metals Corp (OTCMKTS:ABML) and...

Why is Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) In a Bearish Trend?

The Bitcoin rally over the past weeks has taken the crypto space by storm. However, it should not be forgotten that Ethereum,...

Curaleaf Holdings (OTCQX:CURLF) Continues to Hit New Highs: Next Move?

The cannabis sector has had its ups and downs over the last year, but there are certain stocks that are almost always...

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction is bound to come and that can come about for a number of reasons.

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) has emerged as one of the biggest gainers over the course of the past months.

Recent Developments

However, in recent days, Alpine 4 Technologies Ltd (OTCMKTS:ALPP) has corrected sharply and went down from its all time high by as much as 25%.

While that may be true, investors should not forget that the stock is still up by a whopping 780% since November 2020. Hence, the latest correction is not particularly alarming at this point.

It might be more useful for investors to take a closer look at the recent developments with regards to Alpine 4. The company, which is involved in operating small market business, made a major announcement last week with regards to its subsidiary company Morris Sheet Metal. It was announced that Morris Sheet was awarded new building projects contract worth as much as $2.9 million.

It is a significant development for Morris Sheet Metal and it remains to be seen how the market reacts to the news over the course of the coming weeks.

In this regard, it is also necessary for investors to note that plenty of projects had been suspended due to the coronavirus pandemic. However, with the easing of the situation, a lot of projects are now ready to be revived and it is likely the Morris Sheet Metal’s services are going to be sought extensively by a variety of clients.

If that actually happens then it is expected to be a massive positive for the Alpine 4 stock. For instance, the company’s subsidiaries in Indiana are now seeing a significant flow of revenues due to the revival of projects that had earlier been canned.

Disclaimer: We hold no shares of ALPP stock.

Latest article

Blockchain Technologies Ltd (OTCMKTS:HVBTF) Makes A Stunning Move on Blockchain Optimism

The cryptocurrency boom has sustained for many months now and it anything; it is expected to continue in the future.

Enzolytics Inc (OTCMKTS:ENZC) In Focus: Regains It’s Momentum

One of the most notable gainers over the course of the past months has been the Enzolytics Inc stock. While it is...

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Looks to Maintain Critical Momentum

Stocks that make massive gains over a reasonable period of time cannot hope to maintain them forever. At some point, a correction...

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

Green Thumb Industries Inc (OTCMKTS:GTBIF) Trades Near All-Time High: What Next?

After having been in the dumps for more than a year, the cannabis sector has managed to make a remarkable comeback. Investors...