One of the companies which has come into significant attention among investors over the course of the past days has been Infinity Stone Ventures Corp (OTCQB:GEMSF) (CSE:GEMS) and it may well be a good time to take a closer look at it. The company is a single source supplier of critical energy metals which are vital for the clean energy sector and hence, it could well prove to be an important company in the future.
As it happens, the company was in fact in the news last week after it made a major new announcement with regard to its Class A Subordinate voting shares back on October 6 last week. The company announced that those shares had been trading under the ticker symbol TLOOF on the OTC Markets.
Last week, the company announced that from October 6, 2022, it was going to start trading on the OTCQB under the new ticker symbol GEMSF. In addition to that, it should also be noted that Class A Subordinate Voting shares of Infinity Stone Ventures Corp are going to continue to trade on the Canadian Securities Exchange under the ticker symbol GEMS.
ZaynKalyan, who is the Chief Executive Officer of the company, spoke about the latest development as well. He noted that the new ticker symbol GEMSF was far more closely aligned with the objectives of the company. He went on to add that it will make it easier for shareholders to look up the share when they have to.
GEMS stock is trading below the 20-Day and 50-Day Moving averages of $0.26 and $0.26 respectively. However, the stock is trading above the 200-Day moving average of $0.19.