Despite its name, Nano Mobile Healthcare Inc (OTCMKTS:VNTH) is not actually involved in the healthcare sector. It is a company that is involved with the crypto, NFT (non-fungible token) and gaming industry at this point of time.
Trading Data
On Friday, VNTH stock slid 7.50% at $0.0037 with more than 16.03 million shares, compared to its average volume of 122k shares. The stock has moved within a range of $0.0035 – 0.0044 after opening trade at $0.0044.
Recent News
There has been no news about the company for more than a month but that did not stop the stock from suffering from a sharp selloff on Friday. The Nano Mobile stock went down by as much as 8% on Friday due to the selloff. In this situation, it may be a good idea for investors to take a look at the announcement made by the company back on October 15 this year.
At the time, the company presented David Noah Kittle the Chief Executive Officer of the company Nano Mobile Tech. It was a significant development for the company and one that may have resulted in a degree of optimism among investors as well. Kittle stated that was excited at the prospect of steering Nano Mobile tech as a technology innovation pioneer. However, it is unlikely that the latest selloff in the stock was triggered by that particular announcement from the company. It remains to be seen if the Nano Mobile stock can recover today.
Technical Data
VNTH stock is trading below the 20-Day and 50-Day Moving averages of $0.0047 and $0.0057 respectively. However, the stock is above the 200-Day moving average of $0.0025. The stock is up 311% in the past 3-month.
