This morning the NutraNomics Inc (OTCMKTS:NNRX) stock is likely to come into major focus among investors in light of the major rally that was seen in the stock yesterday. After the company made an announcement with regards to a major deal, the NutraNomics stock flew and ended the day with gains of as much as 33%.
Trading Data
On Thursday, NNRX stock soared 33.33% at $0.0004 with more than 766.84 million shares, compared to its average volume of 191.77 million shares. The stock has moved within a range of $0.0003 – 0.0004 after opening trade at $0.0004.
NutraNomics, Inc. to Acquire DHS Development Inc. dba The Plant
Yesterday, it emerged that NutraNomics had inked a binding letter of intent with the company DHS Development Inc by way of which it seeks to complete the acquisition of all the company’s intellectual property, assets and key employees.
It was noted that the key employees at DHS Development possess the skills and expertise to help NutraNomics with its vision for growth. It has also been suggested that those employees are going to be key for the company as it tries to bring about significant growth in an industry that is evolving quite fast. In light of the rally in the stock yesterday, it is going to be interesting to see if the stock can manage to add to is gains today and end the week on a strong footing. It may be a good idea to keep an eye on it today.
Key Quote
“I feel very confident that joint counsels and our independent audit will move along favorably to meet February’s goal. In the meantime, our management teams will be working together to support The Plant’s efforts to grow and onboard current and additional clientele,” says Chairman and CEO Jonathan Bishop.
Technical Data
NNRX stock is trading above the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. However, the stock is trading below the 200-Day moving average of $0.0008.
