NutraNomics Inc (OTCMKTS:NNRX) Stock Takes a Hit: Down 25%

Plant based nutraceutical and nutritional firm NutraNomics Inc (OTCMKTS:NNRX) did not have a great time in the markets this past Friday. The stock suffered from a pretty strong selloff and went down by as much as 25% as a consequence.

Market Stats

On Friday, NNRX stock slumped 25% to $0.0003 with more than 203.87 million shares, compared to its average volume of 234.75 million shares. The stock moved within a range of $0.0002 – 0.0004 after opening trading at $0.0003.

Nutranomics, Inc. Announces Launch of Newly Designed Website

While the decline in the stock may be alarming, it may be important to point out that there was actually no news about the company on Friday. The last time any news emerged about the company was back on February 7, 2022 when NutraNomics made an announcement with regards to the launch of its freshly designed website www.nutranomics.com.

The launch of a new website can often be a significant development for a company these days considering the fact that it often works as the window into the company’s workings for investors as well as customers. While it is true that the announcement was a significant one, it is highly unlikely that it had any bearing on the selloff in the NutraNomics stock that was witnessed on Friday. It may now be a good idea for investors to consider adding the stock to their watch lists and watch for further developments in the coming days.

Traders Corner

NNRX stock is trading above 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.