Those who are currently looking into those stocks which managed to make a strong move on Tuesday must have come across the move made by the NutraNomics Inc (OTCMKTS:NNRX) stock. The stock had been one of the biggest movers yesterday and had ended the day with gains of as much as 33% as investors piled on to it in a big way.
Trading Data
On Tuesday, NNRX stock moved up 33.33% to $0.0004 with 237.42 million shares, compared to its average volume of 184.88 million shares. The stock has moved within a range of $0.0002 – 0.0004 after opening trade at $0.0003.
NutraNomics Promotes Geoffrey Bazegian to President and Chief Revenue Officer
The stock soared yesterday after the company made an announcement with regards to a key appointment. NutraNomics announced that it had appointed Geoffrey Bazegian the new President and Chief Revenue Officer. The appointment went in to effect immediately.
It should be noted that Bazegian had been the Senior Vice President of Wholesale Materials at the company prior to this promotion. The announcement came as a source of significant excitement among investors and hence, the rally in the stock was perhaps understandable.
Bazegian is now going to be involved in the expansion of the company through strategic mergers and acquisitions. In light of the rally in the stock, it may now be a good time for investors to perhaps consider adding the stock to their watch lists. It remains to be seen if the stock can now add to its gains.
Key Quote
“Geoff is an accomplished professional and effective business leader who combines the principles of strategic vision and tenacity to accomplish organizational goals”, says Jonathan Bishop, NutraNomics’ CEO. “I’m very pleased to welcome Geoff to the NutraNomics executive management team, and I look forward to working collaboratively with him to meet and exceed our aggressive objectives for corporate and financial growth.”
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.
