Plyzer Technologies (PLYZ) Stock Rockets 140% On Massive Volume: What Now?

Plyzer Technologies Inc (OTC: PLYZ) stock is one of the most active stock gainers this morning as the stock soared as high as 140%. More than 2.52 billion shares have traded hands in the first 150 minutes of trade – that’s a huge volume compared to its 30-day average volume of 266 million shares.

There seems to be no trigger for today’s big rise in stock along with the volume. The last news that came in from the company was on ¬†April 5, 2021, and provided an update on YYZBCN funding for Plyzer Spain.

The company said in press release that Software sales (gross revenue) for the last twelve months of the Plyzer Intelligence software solution by PS totaled EUR 367 K (unaudited). YYZ has not as yet converted anymore of its advances into common share equity of PS though it has notified the company that it will in due course. At this point, YYZ controls 51 % of PS. Plyzer Technologies has not made any new advances to PS as per the agreement with YYZ as the company has not had any funds to do so.

Jack Dawkins

Finance and Tech Contributor