A stock which clocks significant gains over the course of a reasonable period of time is generally worth tracking and one such stock is the Element Nutritional Sciences Inc (OTCMKTS:ELNSF) (CNSX:ELMT) stock. The stock has come into considerable attention among investors in the past month and during that period, it has managed to clock gains of as much as 38%.
Trading Data
On Monday, ELNSF stock went up 3% to $0.3305 with more than 1.1k shares, compared to its average volume of 16.2K shares. The stock has moved within a range of $0.3285 – 0.3305 after opening trade at $0.3285.
Recent News
While there has been no news about Element Nutritional Sciences in recent days, it may be a good time to look into a development from December 16, 2021 in order to get a better idea about the rally.
At the time, the company provided an update with regards to its operational performance for the year 2021 and also its projection for the year 2022. Stuart Lowther, who is the Chief Executive Officer of the company, stated that the company had managed to make ‘remarkable progress’ through the course of 2021.
One of the more important developments was the fact that Element Nutritional Sciences had managed to bag purchase orders from as many as 8000 Walgreens stores during the year for its products. The updates may have led to the optimism among investors about the stock.
