There may have been significant selloffs in many stocks last week but this past Friday NRP Stone (OTCMKTS:NRPI) managed to trade steadily and remained within a range. In this context, it may be a good time for investors to take a look at the announcement made by the company’s subsidiary company Uplift Aerospace.
Trading Data
On Friday, NRPI stock fell 1.44% to $0.1675 with more than 391K shares, compared to its average volume of 266K shares. The stock moved within a range of $0.1600 – 0.1811 after opening trade at $0.1625.
Astronaut Becomes Honorary Member of Space+
Uplift Aerospace announced that that Jose M Hernandez had become the honorary Space+ member astronaut. It was a major new development for the company considering the fact that Hernandez had been an astronaut for NASA. In addition to that, he had also been an engineer at the Space Shuttle for the STS-128 mission that had taken place in August of 2009.
In his capacity as an honorary astronaut, he will be responsible for participating in virtual as well as in person events for the company. It is a move that may help Uplift Aerospace in the long term and it is going to be interesting to see if it does lead to any boost for the stock of its parent company NRP Stone. At his point, it may be a good idea for investors to consider adding this stock to their watch lists.
Technical Data
NRPI stock is trading above the 20-Day and 50-Day Moving averages of $0.17 and $0.16 respectively. Moreover, the stock is below the 200-Day moving average of $0.10.
