There were many stocks which did not have a particularly great time in the markets yesterday and one of those was the Nutranomics Inc (OTCMKTS:NNRX) stock. The stock suffered from a selloff yesterday and slumped by as much as 11% despite the emergence of fairly positive news about the company.
Yesterday it emerged that the company had managed to get Pink Current status from the OTC Markets and it goes without saying that it marked a major milestone for Nutranomics. Despite the fall in the stock price it might now be a good idea for investors to take a closer look at the company and its business.
The company had been established back in 2007 and over the years it became established as one of the better know companies for providing excellent health support through its range of nutraceutical products. In addition to that, it is also necessary to note that the global nutraceutical market is growing at a remarkable clip. In 2019, it was worth as much as $328.51 billion and it is expected to grow at CAGR of 8% over the coming years. Hence, despite the drop yesterday, the Nutranomics stock could still be worth keeping in the watch lists.