In the past month, the Univec Inc (OTCMKTS:UNVC) stock has been through a tough time and has gone down by as much as 30% during the period.
Trading Data
On Monday, UNVC stock moved down 3.45% to $0.0280 with more than 487K shares traded, compared to its average volume of 852k shares. The stock moved within a range of $0.0248 – 0.0285 after opening trading at $0.0260.
Univec Appoints Lauren Herron Vice President
At this point, it may be a good idea for investors to try and figure out if the stock could actually make a recovery. The company, which provides substance abuse and mental health wraparound services, was in the news yesterday after it announced that it had appointed a new vice president in the form of Lauren Herron. The appointment went into effect immediately.
The President of the company Lamont Ellis spoke about the appointment as well. He noted that Heron had the experience and talent to help Univec in expanding its business considerably. It is an important appointment from the company and one that could eventually lead to a boost in the future.
In this context, investors need to note that Heron holds a Bachelors in Social Work and a Masters in Sociology. Both the degrees were obtained at the University of Maryland. It may now be a good time for investors to perhaps keep the Univec stock in their watch lists and watch the price action.
Key Quote
“I look forward to joining Univec, Inc. as Vice President, said Ms. Herron “addressing the mental health and medical needs of our communities by promoting an affordable, holistic approach as the model of treatment.”
Technical Data
UNVC stock is trading below the 20-Day and 50-Day Moving averages of $0.0338 and $0.0332 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0589.
