This morning many investors are going to look into stocks which may have made significant gains yesterday and one of the stocks that is likely to come into focus is that of NextMart Inc (OTCMKTS:NXMR), which clocked gains of as much as 31% for the day. In light of such handsome gains, it could be a good idea to look into the development from yesterday that led to such a rally.
Trading Data
On Wednesday, NXMR stock soared 31.16% to $0.0905 with more than 2.13 million shares, compared to its average volume of 1.56 million shares. The stock moved within a range of $0.0700 – 0.0970 after opening trade at $0.0700.
NextMart, Inc. – OTC Pink Current Status
The company announced yesterday that its quarterly filings had been approved by the OTC Markets Group and on top of that the company had also been given the clearance for the ‘Pink Sheet Current’ status.
It was a significant development for the company since it lifts all issues with the stock from the regulatory standpoint. The financial and disclosure statements filed by NextMart were for the first quarter that had ended on December 31, 2021.
The company had submitted the aforementioned filings back on February 23, 2022. At this point in time, it remains to be seen how long the stock can actually manage to maintain its momentum and if it can add to its gains over the course of the coming days.
Traders Corner
NXMR stock is trading above the 20-Day and 50-Day Moving averages of $0.0750 and $0.0512 respectively. The stock is trading in oversold zone with the RSI at 58.
