Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX) – More and More PR
After the paid promotion of Nutranomics, Inc. f/k/a Buka Ventures, Inc. (OTCBB:NNRX), which resulted in a brief gain in price that lasted two days the ticker was sliding down, despite the regular press releases. However, last week ended with a decent gain in price and an increase in volume.
The press release that came out in Friday might be a reason for the gain, but we saw a similar one in the previous days that didn’t leave a mark on NNRX‘s price. The statement was informing investors of two new purchase orders for the company’s patented AESTM (Assimilation Enhancing System) enzyme blend by Wakatura Corp., a Japanese company located in Yokohama.
This is a part of the company’s expansion in the Asian market, which should bring confidence to current and future investors. Such is needed, indeed, once you take a look at the not-so-promising financial state of the company.
- cash: $1.4 thousand
- total current assets: $3.9 thousand
- total current liabilities: $2.5 thousand
- revenues: $0
- net loss: $3.6 thousand
Looking at these numbers one begins to wonder if NNRX even has the financial possibility to fulfill the purchase orders from Taiwan and Japan which the company recently announced. Not to mention that there are already quite a lot of companies in the nutrient supplement business with built up reputations.
When you add that there are many myths about these products that are recently coming to light and more people become aware that in most cases it is better to take multivitamins, despite the fact that nutrient supplements are advertised as being the healthier choice it is unclear if NNRX will ever make it in the business.
With a current value of $0.53 per share NNRX is not one of the cheepest stocks in pennyland and we would advise you to do your own due diligence and weigh out the risks if you have any thoughts of investing in them.
Another company stock that recovered some of its value in Friday’s session was that of Globalstar, Inc. (OTCMKTS:GSAT), who are regularely in the top of our list of penny stocks that generate a high trade value. The ticker managed to go up a mere 3.15%, but generated $6.5 million in dollar volume.
On the other hand BioLife Solutions, Inc. (OTCMKTS:BLFS) made one of the biggest percentile movements in the last session before the weekend as it lost 22% in value with more than 10 times the average amount of traded shares.
