Global Tech Industries Group, Inc. (OTCMKTS:GTII – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $0.01 and traded as low as $0.0003. Global Tech Industries Group shares last traded at $0.0006, with a volume of 17,044 shares trading hands.
Global Tech Industries Group Stock Down 97.6%
The firm’s fifty day moving average price is $0.01 and its 200 day moving average price is $0.01.
Global Tech Industries Group announced that its Board of Directors has approved a stock buyback plan on Monday, September 21st that permits the company to repurchase $50 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its shares are undervalued.
About Global Tech Industries Group
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