NNRF Inc (OTCMKTS:NNRI) Stock Doubles On High Volume: Here is Why

This past Friday there were plenty of stocks which had made strong moves but the move in the NNRF Inc (OTCMKTS:NNRI) stock was staggering as it ended up with gains of as much as 102% amidst heavy interest.

Trading Data

On Friday, NNRI stock increased 102.44% to $0.0083 with more than 8.74 million shares, compared to its average volume of 215.07K shares. The stock moved within a range of $0.0048 – 0.0110 after opening trade at $0.0048.

New Chief Financial Officer Hire Strengthens NNRF’s Executive Leadership Team

In light of such enormous gains it could be a good idea for investors to consider taking a closer look at the announcement on Friday that led to the move. The company announced on that day that it had appointed a new Chief Financial Officer in the form of Alan Bailey. The news of the appointment seemed to have come as a major positive trigger for investors and the stock soared amidst heavy interest.

In this situation, it could be a good move to perhaps take a closer look at Bailey’s credentials. He is a Chartered Professional Accountant and at this point, his experience spans over four decades in both private and public companies. On the other hand, Bailey has worked on financial and business functions in several companies across a range of industries. He had held the position of the Senior Financial Executive at Paramount Pictures for as long as 35 years and hence, the excitement among investors is perhaps understandable.