A San Diego-based micro cap appears to be catching a bid this morning following yesterday’s strong performance and key press release. The company announced yesterday afternoon that its subsidiary established within its Saas division will focus on fintech activity such as crypto, mobile digital and internet banking technologies. Shares of TPT Global Tech Inc. (OTCQB:TPTW) seem to have grabbed the attention of bulls this morning.
TPT Global Tech Inc. is a U.S.-based holding company engaged in operating Telecom, Banking Media and E-Cloud/Data businesses. It principally engages in the business of distribution of cell phones and telecommunications equipment. The revenues are generated by operating as a Competitive Local Exchange Carrier (CLEC) in Arizona and through the distribution telecommunications products.
Traders are optimistic on the news and are trying to continue yesterday’s rally as shares are currently bid up at $0.016/share (+6.67% implied move for sellers). This move would follow up on Monday’s strong rally as shares closed up at $0.015/share (+11.11%) to start the week off.
