NutraNomics Inc. (OTCMKTS:NNRX) has announced on October 24, 2022 that DHS Development, Inc., a NutraNomics Company has reported a record-breaking quarter of $1,434,865 in new sales bookings in Q3 of 2022.
On Monday, NNRX stock fell 50% to $0.0001 with more than 111.83 million shares traded, compared to volume of 93.86 million shares. The stock moved within a range of $0.0001 – 0.0002 after opening trading at $0.0002.
NutraNomics, Inc. and The Plant Announce Record Q3 2022 New Sales Bookings
This is in comparison to the previous quarter’s new sales bookings high of $1,022,729 produced in Q2 of the same year. The new sales bookings of Q3 exhibit a 29% growth for the period ending September 30, 2022.
Geoff Bazegian, NutraNomics’ President and CRO, says that these sales numbers prove the market is acknowledging their commitment towards adhering to uncompromising standards of quality, reliability and value. The company has hired two industry-seasoned direct sales professionals, along with one independent representative and several referral partners. They will comprehensively serve the Southern California market, the most densely concentrated region of buyers in the State.
On September 20, 2022, NutraNomics, Inc. has released an update about successfully retiring a part of its debt and securing an ongoing line of credit to support its growing operational needs and increasing production resource requirements. $500,000 of its debt was converted to company equity, while a new $400,000 credit line was attained with enhanced terms. The new facility is to provide the company with critical financial resources in order to brace its growing production and manufacturing needs.
NNRX stock is trading below the 20-Day and 50-Day Moving averages of $0.0002 and $0.0002 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0003.