Cabo Verde Capital Inc (OTCMKTS:CAPV) was a massive mover during Monday’s trading session. The stock surged by close to 176% on the back of 5 times the average daily volumes. The stock was able to break above the resistance of the 50 day moving average on the back of the price-volume action seen during the overnight session. The momentum indicators for the stock have given a fresh buy signal indicative of the return of buying interest. Traders believe the stock could retest the resistance level of $0.08 in the near term. The price action on the back of heavy volumes is seen as a huge positive.
Cabo Verde Capital Inc (OTCMKTS:CAPV) has signed a management contract with a leading international company having a new project in Santo Antao. As per the reports, the project is partially financed by none other than Caixa Economica Cabo Verde.
The prime objective of the company is to spread its reach in the Republic of Cabo Verde on Santo Antao Island.
Insights of Contract
The exact size of this site is about 60,000 sq.m, which makes it a perfect destination that can be developed in a beautiful property in the future. Reports claim that the definitive documentation for this agreement is likely to be filed in a few days time, which will clarify all the commercial terms, business practices, and exit strategy.
The senior management of the company is delighted to share this update and hopes that it will help Cabo Verde serve customers in a better way than ever before.
Cabo Verde Capital And Hard Rock Hotels & Casinos
Cabo Verde doesn’t want to miss out any opportunity to grow further and touch new heights. Taking the next step in this direction, the company has initiated discussions with Hard Rock Hotels & Casinos to carry out development related work.
As per the reports, both the companies look forward to initiating this agreement without wasting any time and expand their reach in the Republic of Cabo Verde. They have already identified two locations, details of which will be announced soon. At the time of this announcement, they hadn’t signed definitive documentation. Successful execution of this agreement is subject to shareholder and regulatory approvals as well as the fulfillment of terms and conditions implied by both the companies.
Cabo Verde is known for offering lucrative solutions and world-class services in the field of hospitality, real estate, and casino development. It keeps taking different steps to explore these three fields, and the decisions mentioned above are part of the same growth process.