In the past week, the Nevada registered corporation Sibannac Inc (OTCMKTS:SNNC) has seen its stock go one a fairly strong move. Over the course of that period, the stock attracted strong interest and managed to clock gains of as much as 12%. It is likely that the stock is going to be on the radars of many investors at this point in time and hence, it may be a good time to look into the announcement from the company on Tuesday.
Trading Data
On Tuesday, SNNC stock fell 0.74% to $0.0670 with 45k shares, compared to its average volume of 111K shares. The stock moved within a range of $0.0648 – 0.0800 after opening trade at $0.0695.
Sibannac, Inc. Launching Flagship Brand In Practitioner Channel
The company announced yesterday that it was making preparations for the launch of its new generation of wellness brands. The brands in question is also going to include a product that is meant for professionals in the fast growing holistic medical practice space.
The particular brand is also often regarded as Complimentary and Alternative Medicine and the entry of Sibannac in that particular space may prove to be a long term positive for the company. In addition to that, the frequent launch of new brands can only be a good thing for a wellness company. In light of the gains made by the stock in the past week, it could be a good idea to add the stock to your watch lists.
Key Quote
“We are eagerly anticipating the launch of our cutting-edge wellness brand, which we’ve been building for more than a year. Our industry-leading marketing team has deep inroads in the alternative medicine space, and we will be positioned perfectly to roll-out our new line, said, David Mersky, Sibannac’s CEO.
Technical Data
SNNC stock is trading below the 20-Day and 50-Day Moving averages of $0.0734 and $0.0905 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1363.
