Yesterday, NRP Stone (OTCMKTS:NRPI) had a fairly forgettable time in the market as the company’s stock suffered a strong selloff and went down by as much as 10%. That being said, it is perhaps also necessary to remember that the company’s subsidiary Uplift Aerospace did make a key announcement yesterday that investors could consider looking into.
Trading Data
On Monday, NRPI stock slumped 10% to $0.1510 with more than 122K shares, compared to its average volume of 275K shares. The stock moved within a range of $0.1510 – 0.1700 after opening trade at $0.1650.
Latest News
The announcement from Uplift Aerospace was a significant one as the company announced that as many as three people with memberships to the Space+NFT community will get the opportunity to experience weightlessness in real time with an actual astronaut.
Space+ is one of the more ambitious projects from Uplift Aerospace and seeks to provide people with more access to space by way of community giveaways. While the announcement made by the company yesterday was a significant one, it did not quite lift the mood of investors and got the thumbs down. The selloff in the stock was quite strong and it is going to be interesting to see if the NRP Stone stock can actually manage to make a recovery in the coming days. It may be a good time to keep an eye on the stock.
Technical Data
NRPI stock is trading below the 20-Day and 50-Day Moving averages of $0.2746 and $0.4546 respectively. However, the stock is trading above the 200-Day moving average of $0.0703.
