It is very likely that the NutraNomics Inc (OTCMKTS:NNRX) stock is going to come into focus among investors in a big way today considering the fact that it had clocked gains of as much as 33% on Friday.
Market Reaction
On Friday, NNRX stock surged 33.33% at $0.0004 with more than 173.13 million shares, compared to its average volume of 211.31 million shares. The stock moved within a range of $0.0003 – 0.0004 after opening trade at $0.0003.
NutraNomics, Inc. Announces Developments Relating To Acquisition of DHS Development dba The Plant
There was no news about the company on Friday and in fact there has been no news for some weeks now. Hence, the rally may seem a bit random or speculative to certain investors. That being said, it could be a good move to consider taking a look at a development from earlier on this month on April 5.
At the time, the company announced that it had been successful in completing the acquisition of the company DHS Development Inc and the transaction also included the acquisition of a plant. It was also noted that the two entities had been working together in order to reach an agreement with regards to the deliverables as well.
While the announcement was a significant one, it is still unclear if it had anything to do with the latest rally in the stock price. It could be a good idea for investors to now consider adding the NutraNomics stock to their watch lists and watch for further developments.
Traders Review
NNRX stock is trading above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. However, the stock is trading below the 200-Day moving average of $0.0006.
