Among the many stocks that managed to record strong gains on Thursday, one of the more intriguing moves was seen in the Nuvim Inc (OTCMKTS:NUVM) stock.
The company is involved in the production, marketing and distribution on beverages that provide health benefits. Yesterday, the Nuvim stock experienced heavy action in the markets and went up by as much as 100% as investors piled on to it. However, it is also important to remember that the rally in the stock could well be completely speculative in nature considering the fact that there was no news about the company.
In this situation, it is perhaps better for investors to get a better idea about the nature of the products that the company deals in. The company produces beverages that have proven to be beneficial for strengthening joints, improving muscle flexibility and improving overall athletic abilities.
As a matter of fact, in its marketing materials the company has claimed that consumers are going to ‘feel the difference’ after consuming its beverages for a period of 30 days. Its products have been created with supporting clinical research that goes back 35 years. The company has also invested $50 million in research and development activities.
Market Reaction:
On Thursday, NUVM stock soared up 100% to $0.0440 with more than 22.05 million shares, compared to its average volume of 463k shares. The stock has moved within a range of $0.0260 – 0.1000 after opening the trade at $0.0300. Over the past 52-week, the stock has been trading within a range of $0.0047 – 0.1000.
 Stock Doubled on Unusual Volume: A Bullish Sign?){kind=link}