Considering the fact that Pro Music Rights (OTCMKTS:NUVG) is the 5th biggest public performance rights organization in the world, it could be a good time for investors to start taking a bigger interest in the company.
Trading Data
On Friday, NUVG stock up 13.82% to $0.0700 with more than 52.81K shares traded, compared to volume of 386.84K shares. The stock moved within a range of $0.0520 – 0.0710 after opening trading at $0.0520.
Pro Music Rights (OTC:NUVG) One of the World’s Largest Music Licensing Companies, Announces That its Application for DTC FAST has been approved
Some of the licensees that the company works with includes some of the biggest names in business like TikTok, Napster, Vevo and many others. The company was in fact in the news this past Friday after ti announced that its application for DTC FAST had been given the approval by the relevant parties. It was another feather in the cap for the company as it tries to emerge as the preeminent public performance rights organization in the world.
However, that is not all. Back on August 30, 2022 Pro Music Rights had been in the news once again after it announced that it had managed to secure a judgment against Ayujoy Herbals with regards to a music licensing agreement. In the judgment, the company managed to get an award of $77641 and on top of that, it was also awarded the Supreme Court clerk fees and the statutory fees. The complaint had been brought by Pro Music Rights.
Technical Data
NUVG stock is trading below the 20-Day and 50-Day Moving averages of $0.0756 and $0.0781 respectively. However, the stock is trading above the 200-Day moving average of $0.0318. The company has a total market capitalization of $249 million.
