Nutranomics Inc (OTCMKTS:NNRX) came into considerable focus among investors yesterday despite there being no specific news about the company and the stock ended the day with gains of as much as 17%.
While it is true that the lack of news about the company might make the rally look random and speculative, it should be noted that last month there has been some important developments. Back on August 5, the company announced that it had been successful in getting the coveted Pink Current status from the OTC Markets. While it cannot be denied that it was a significantly positive development for Nutranomics, the stock had actually suffered from a selloff at the time.
In this situation, it could be a good move for investors to perhaps take a closer look at Nutranomics and its business. The company had come into existence back in 2007 and eventually became one of the better known operators in the health support solutions sector thanks to its wide range of nutraceutical products. The latest rally in the stock might seem random at this point in time but it might still be a good move from investors to keep the stock in their watch lists and keep an eye on the news.