Healixa Inc (OTCMKTS:EMOR) has emerged as an important name in the technology acquisition space and has made a name as an acquirer of technologies which are primarily disruptive in nature. Yesterday, the Healixa stock was actually in focus among investors and ended up with gains of as much as 8% for the day following a major announcement from the company.
Trading Data
On Tuesday, EMOR stock moved up 6.54% to $0.6925 with 5.8k shares, compared to its average volume of 9.17k shares. The stock has moved within a range of $0.6900 – 0.6925 after opening trade at $0.69.
Appoints Accomplished Independent Director to its Board in Step Towards National Securities Exchange Listing Requirements
Hence, it may be the right time for investors to actually take a look at the announcement from Healixa and then make their minds up about the stock. The company announced yesterday that Christopher Galliano was going to become a part of its board of directors.
It was noted that Galliano was going to be a non-executive director and the appointment actually went into effect immediately on Tuesday. The appointment from Healixa is also an indication of the fact that the company is now looking to focus in a big way on growth, corporate governance and national listing needs.
While the rally in the stock was significant, it is going to be interesting to see if the Healixa stock can actually manage to hold on to its momentum and keep adding to its gains.
Key Quote
“The appointment of Christopher Galliano as an independent Director marks a major milestone for the Company,” commented Ian Parker, Chief Executive Officer of Healixa. “Mr. Galliano brings a vast pool of strategic guidance from many different industries and professional backgrounds, which will lend itself to the Company’s growth strategy of building and acquiring innovative and disruptive technologies. Furthermore, the appointment of non-executive independent Directors means that Healixa, Inc. is one step closer to meeting the listing requirements for up-listing to a national securities exchange such as the NASDAQ.”
Technical Data
EMOR stock is trading below the 20-Day and 50-Day Moving averages of $0.6959 and $0.7727 respectively. Moreover, the stock is trading below the 50-Day moving average of $0.8047.
