There were a number of stocks which were trading within range on Friday and one of those was the Herborium Group Inc (OTCMKTS:HBRM) stock. It is perhaps not particularly surprising considering the fact that over the past week there has been no news about the company at all.
Market Reaction
On Friday, HBRM stock ended flat at $0.0003 with 10.86 million shares, compared to its average volume of 37.75 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trade at $0.0002.
Recent News
The last time the company had been in the news was back on February 28, 2022 when the company came up with a shareholder update. The update was shared with shareholders through a letter addressed by Dr Agnes Olszewski, the Chief Executive Officer of the company.
The CEO stated that the coronavirus pandemic had come as a major blow to the company’s operations over the course of the past couple of years. However, he noted that the botanical medicinal products company was no facing some fresh challenges due to events in the United States and the rest of the world.
The letter noted that despite the challenges that were being faced by the company, Herborium was looking to generate growth and consequently create more value for its shareholders. At this point in time, it may be a good idea for investors to perhaps add the stock to their watch lists.
Traders Review
HBRM stock is trading below the 20-Day and 50-Day Moving averages of $0.0003 and $0.0003 respectively. However, the stock is trading below the 200-Day moving average of $0.0007.
