Shares Of This Micro Cap Climbed Up Over +300% Intraday

By: Dylan Sikes – AllPennyStocks.com News

Monday, June 27, 2022

A small California-based tech firm caught our eye on Monday after the company announced that a joint venture of the company completed phase one of its intelligent soccer analytics platform. According to the release, the company targets AI practical applications evaluations in various domains through its subsidiary companies and joint ventures.

This exciting news sent shares of GBT Technologies Inc (OTCPK:GTCH) higher since the company owns 50% of this joint venture.

GBT Technologies Inc is engaged in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including wireless mesh network technology platform and fixed solutions, development of an intelligent human body vitals device, prepaid services, asset-tracking IoT, and wireless mesh networks. The Company also offers prepaid cellular phone minutes for both domestic and international carriers. It derives revenue from the provision of IT consulting services; and from the licensing of its technology.

Traders were bullish on this news as shares quickly climbed up to $0.0083/share (+336.84%) at Monday’s session high. This will be an interesting one to watch as traders digest this new event.

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