Over the course of the past week, RushNet Inc (OTCMKTS:RSHN) investors have not a great time as the company’s stock tanked by as much as 23% during the period. In light of such a decline, it might be a good idea to take a closer look at recent developments and figure out if the decline could in fact be an opportunity to get into the RushNet stock for new investors.
Market Action:
On Friday, RSHN stock slid 6.12% at $0.0023 with more than 228.13 million shares, compared to its average volume of 113.19 million shares. The stock has moved within a range of $0.0018 – 0.0026 after opening the trade at $0.0024.
RushNet, Inc (RSHN) heliosDX, Grandeza Healthcare issues a Letter to Shareholders
Last Friday the company was in the news after it issued a new letter to its shareholders with some of the key updates. RushNet informed that it had made many attempts by way of which it wanted to restructure the authorised and outstanding share structure over the course of the past seven months.
However, that was not all. RushNet also pointed out that it has set its sights on a range of acquisitions, which could bring in a considerable revenues as well as assets. To that end, the company noted that it had been successful in closing a total of two key acquisitions so far this year. The first of those was heliosDX, which RushNet had acquired back in July. The other was Grandeza Healthcare, which was acquired in August 2021.
Traders Note:
RSHN stock is trading below the 20-Day and 50-Day Moving averages of $0.0032 and $0.0042 respectively. The stock is down 44% in the past month.
