This Tech Stock Just Popped On Acquisition News

By: Tomas Ronolski - AllPennyStocks.com News

Monday, March 8, 2021

A small Phoenix-based tech firm just announced the completion of an acquisition of Box PureAir, LLC to sell AIRBOX, an American made, high-proficiency energy efficient air purification technology. SinglePoint Inc. (OTCPK:SING) saw its shares rip following the news.

SinglePoint Inc. and its subsidiaries are engaged in different sectors which include solar brokerage company which consists of identifying the market opportunities related to small and medium commercial solar projects. Its hemp segment is engaged in the retail distribution of Hemp Cigarette Brands and non-cannibalistic private label products. It is also into providing credit card payment services. The company along with its subsidiaries is indulged in providing vehicle repairs specifically windshield repair and replacement in the United States, proving hemp-based products to consumers, and is also a supplier of cultivation equipment that provides hydroponic supplies and nutrients to commercial and individual farmers.

Traders were extremely bullish on the news as shares traded up to an early session high of $0.035/share (+75%). This move comes just one session after the stock bounced off its 50-day SMA.

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