Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) Gets Close to the $1 Mark Again

About two months after Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) crashed horribly off of its pump high, the price is creeping back up, close to the $1 mark.

Yesterday NNRX closed up 4.9% at $0.9651 per share. The volume was higher than the average, reaching 3.9 million shares. This landed NNRX close to the top of the most actively traded OTC penny stocks.

The price has been on the rise since early November, fueled by a steady stream of optimistic press releases by NNRX. There was another one yesterday, and it may have been one of the reasons for the positive close.

The company boasted about a product R&D request from QI Group of Companies. Supposedly, NNRX will prepare and present an unspecified number of nutraceutical health food supplement products. There are no details about the potential time frame or any of the financial aspects.

Those who haven’t followed NNRX closely should keep in mind that the stock was pumped by the same pumper outfit which promoted Green Innovations Ltd (OTCBB:GNIN) and iTalk, Inc. (OTCBB:TALK). This was the reason for the 67% crash at the end of September.

The pumpers seem to have backed out of the pump job, but looking at NNRX as an investment opportunity still presents a high risk. The company should be filing it’s next quarterly financial report in about two weeks. At that time traders and potential investors should get some more information which could potentially help them make a more reasonable valuation.