DriveItAway (OTCMKTS:CLCN) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of DriveItAway Inc. (OTCMKTS:CLCNGet Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.04 and traded as low as $0.04. DriveItAway shares last traded at $0.04, with a volume of 6,250 shares traded.

DriveItAway Trading Down 37.9%

The stock’s fifty day simple moving average is $0.04 and its two-hundred day simple moving average is $0.06. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67.

About DriveItAway

(Get Free Report)

DriveItAway, Inc (OTCMKTS: CLCN) is a U.S.-based mobility solutions provider specializing in short-term automotive subscriptions designed for rideshare and delivery drivers. The company’s service model enables customers to rent vehicles on a flexible weekly basis, offering a fully insured, maintenance-included fleet without the long-term commitments associated with traditional leases.

DriveItAway’s fleet is composed of electric and hybrid vehicles, with a focus on Tesla models to meet the growing demand for eco-friendly, high‐performance cars in the gig economy sector.

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