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Thursday, September 21, 2023

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

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In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and that can be gauged from the price action in the stock in recent days.

Last Friday, the iQSTEL Inc stock continued to be in considerable focus and ended up with gains of as much as 15%. That rally took its gains for the past week to a handsome 45%. In light of such gains, investors are likely going to be interested in the iQSTEL stock again this week.

Expects To Meet Nasdaq Shareholder Equity Requirement Imminently

Last week the company was actually in the news after it sent out a letter addressed to its shareholders and provided key updates with regards to its business operations. The letter was addressed by the Chief Executive Officer of the company Leandro Iglesias. In addition to the operational updates, Iglesias also provided key updates with regards to the potential uplisting of the iQSTEL stock to NASDAQ.

He noted that in 2021, the company managed to surpass its projected revenues of $60.5 million and managed to bring in as much as $64 million in the form of revenues. Iglesias went on to state that the company ended 2021 in a strong position and was on course for eventually hitting its 2022 target of positive $90 million in revenues.

However, one of the more important updates provided in the letter was with regards to the electric motorcycles that iQSTEL has been working on. The company’s CEO stated that the motorcycles are all set to roll in from the production line and iQSTEL would be providing videos with regards to the event soon. 

Disclaimer: We hold no shares of IQST Stock.

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