Technology holding company Dragon Life Science Holdings Group Inc (OTCMKTS:NOHO) has not been in the news for many weeks now and perhaps it is not a surprise that on Tuesday its stock was trading within a range. Stocks trading within a range can also breakout strongly and hence, it could be a good idea to take a closer look.
Trading Data
On Tuesday, NOHO stock jumped 4.55% at $0.0012 with more than 271.77 million shares, compared to its average volume of 505.94 million shares. The stock has moved within a range of $0.0010 – 0.0012 after opening the trade at $0.0012.
Latest News
The company is primarily involved in acquiring and developing technologies, before bringing those to the market. Back on September 30, the company was in the news after it announced that it had hired the services of the auditing and accounting firm named TAAD LLC for auditing its financial statement for certain periods.
The periods in question are the ones which ended on August 31, 2020 and August 31, 2021. Once the audit is completed, Novation Holdings noted that it was going to submit a registration statement in order to becoming fully reporting company with the United States Securities and Exchange Commission.
In addition to that, Novation announced at the time that it was also going to apply for uplisting to the OTCQB. Although there is has been no news in recent times, it could be a good idea for investors to keep an eye on the developments with regards to Novation.
Technical Data
NOHO stock is trading above the 200-Day and 50-Day Moving averages of $0.0008 and $0.0011 respectively. However, the stock is trading below the 200-Day moving average of $0.0013. The stock is up 300% in the past 3-month.
