Any kind of breakthrough in research can lead to big moves in the stock of companies which are involved in the aerospace industry. One of the companies from the sector to have seen its stock go through the roof in recent days is NRP Stone Inc (OTCMKTS:NRPI).
Trading Data
On Tuesday, NRPI stock soared 35% to $0.1483 with 1.28 million shares, compared to its average volume of 135k shares. The stock has moved within a range of $0.0882 – 0.1483 after opening trading at $0.11.
Major Driver
Yesterday, the stock continued on its strong upward move and ended the day with gains of as much as 35%. That took the gains made by the stock over the course of the past week to as much as 390%. While it may be true that there has been no news about NRP Stone in the past week, it may be a good idea to take a look at a major development from back on December 1, 2021.
At the time, NRP Stone announced that its subsidiary company Uplift Aerospace had been successful in concluding the first stage of research into lunar concrete. More importantly, the research had been conducted through the deployment of Lunacrete formation. Hence, it goes without saying that the announcement was a significant one for NRP Stone and the consequent rally in the stock is hence understandable. It now remains to be seen if the stock can continue to add to its gains this week.
Technical Data
NRPI stock is trading above the 20-Day and 200-Day Moving averages of $0.06 and $0.11 respectively. The stock is trading in the neutral zone with RSI stands at 83.
