A small New York-based tech firm announced its year-end financial results for 2021, and the results are turning heads during Tuesday’s premarket. One specific highlight that stood out to traders is that the company’s gross revenue for the year was $1,223,116, which was an increase of about 91% from the previous year. This caused shares of Global Arena Holding Inc. (OTCPK:GAHC) to be bid up before the bell.
Global Arena is a holding and technology development company. Through its subsidiaries, the company is engaged in financial services and technology software companies. It provides comprehensive technology-enabled election services using blockchain technology primarily for the organized labor associations.
Traders appear to be bullish on the news as shares are currently bid up at $0.0012/share (+9.09% implied open for sellers). This move could potentially be an indication of things to come as shares try to breakout of the multi-month downtrend.
