The company might be named Active Health Foods Inc (OTCMKTS:AHFD), but the company, which is based out of Los Angeles, is primarily involved in the cryptocurrency and NFT (non-fungible token) spaces.
Trading Data
On Wednesday, AHFD stock slumped 37.50% at $0.0015 with more than 820.04 million shares, compared to its average volume of 181.20 million shares. The stock has moved within a range of $0.0014 – 0.0021 after opening trade at $0.0020.
Announces Agreement with Top Software Firm Toward the Development of Plug-and-Play NFT Platform
Yesterday, the Active Health Foods stock was in the middle of a strong selloff and ended up with losses of as much as 37% for the day. There was no news about the company yesterday that could have led to a massive selloff but earlier on in the week on November 15, the company had made a significant announcement.
Active Health Foods announced on that day that it had inked a Statement of Work with the software development company MEV LLC. MEV LLC is a well known operator in its industry, employs in excess of 120 highly skilled software development professionals and also counts companies like Cartier and Intuit among its clients.
The Chief Executive Officer and President of Active Health Foods, Glen Bonilla noted that the company was committed to bringing NFTs to the common man through the creation of an app. He went on to state that if that happens then the company is going to be able to have access to a massive largely untapped market.
Technical Data
AHFD stock is below the 20-Day and 50-Day Moving averages of $0.0023 and $0.0019 respectively. However, the stock is trading above the 50-Day moving average of $0.0009. The stock is up 275% in the past 3-month.
