Skkynet Cloud Systems (OTCMKTS:SKKY) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of Skkynet Cloud Systems, Inc. (OTCMKTS:SKKYGet Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.49 and traded as low as $0.2080. Skkynet Cloud Systems shares last traded at $0.2080, with a volume of 5,000 shares changing hands.

Skkynet Cloud Systems Trading Down 5.5%

The business’s 50-day moving average is $0.30 and its two-hundred day moving average is $0.49.

About Skkynet Cloud Systems

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Skkynet Cloud Systems specializes in secure, real-time data communications for industrial and enterprise applications. The company’s technology is built around a high-performance publish-subscribe architecture, designed to connect devices, sensors and enterprise systems over both cloud and on-premises deployments. By enabling seamless data flow across firewalls, Skkynet addresses the growing demand for reliable machine-to-machine (M2M) and Internet of Things (IoT) connectivity.

The company’s flagship offerings include SkkyHub, a cloud-based messaging platform, and DataHub, an on-site software solution.

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