There have been many stocks which have recorded strong declines over the course of the past week or so and one of those is the Avra Inc (OTCMKTS:AVRN) stock. Yesterday, the Avra stock continued to suffer from a selloff and went down by 4% for the day.
Trading Data
On Monday, AVRN stock fell by 3.85% to $0.0150 with more 13.80 million shares, compared to its average volume of 982k shares. The stock has moved within a range of $0.0138 – 0.0285 after opening trade at $0.0140.
Avra Inc. Completes its Merger with Springs Rejuvenation, LLC, a Stem Cell and Anti-Aging Treatment Company
That took its decline for the past week to as much as 16%. In light of such declines, it may be a good move to take a closer look and figure out if the present situation could in fact be an opportunity. As it happens, Avra was in the news yesterday after it announced that it had been successful in closing its merger with the company Springs Rejuvenation LLC.
It was a major announcement for the company but it seems that it did not lead to much enthusiasm from shareholders and that was perhaps the reason why the Avra stock suffered from a strong selloff. Investors also need to note that the company that Avra merged with is involved in the running of stem cell and anti-aging centres in the state of Georgia. It might be a good move to keep an eye on further developments in the coming days.
Technical Data
AVRN stock is trading below the 20-Day and 50-Day Moving averages of $0.0158 and $0.0163 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0329. The stock is down 10% in the past week.
