Last Friday RushNet Inc (OTCMKTS:RSHN) had been one of the companies that had come into considerable focus among investors and its stock had managed to emerge as a major gainer as it ended the day with gains of 10%. In this situation, it might be a good move to look into the announcement made by the company on Friday.
Trading Data
On Friday, RSHN stock gained 10% to $0.0011 with 34.11 million shares, compared to its average volume of 55.57 million shares. The stock moved within a range of $0.0010 – 0.0012 after opening trade at $0.0011.
Rushnet, Inc and its Subsidiaries heliosDX and Grandeza Healthcare Provide an Update on the Ongoing PCAOB Accredited Audit
On that day, the company along with its subsidiary companies Grandeza Healthcare and heliosDX made a key announcement with regards to the ongoing audit. It was announced that the audit that was being conducted by Somerset CPAs and Advisors had been progressing positively.
The company noted that the fifth week of the audit was being conducted as on Friday. It was also announced that the personnel from Somerset had already had a field visit to the site in Alpharetta in Georgia and that had lasted for as long as a week.
It was an announcement that may have led to considerable optimism among investors and that was perhaps the reason behind the strong rally. It is now going to be interesting to see if the RushNet stock can manage to have a strong opening today.
Technical Data
RSHN stock is below the 20-Day and 50-Day Moving averages of $0.0012 and $0.0011 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0034.
