In the past week, the Nilam Resources (OTCMKTS:NILA) stock has managed to emerge as a significant mover and the trend continue on Monday as the stock jumped by another 12%.
Market Action:
On Monday, NILA stock rose 12.40% at $0.1169 with more than 568.62K shares, compared to its average volume of 128.33K shares. The stock has moved within a range of $0.0725 – 0.1280 after opening the trade at $0.0738.
Aggressive Agenda to Enter Into the Health Industry
That took its gains for the past week to as much as 30% and perhaps it is now time to take a closer look at the company. Yesterday, Nilam Resources announced that it was making an aggressive move by way of which it was looking to enter the psychiatric and health industries. To that end, the company is currently working on the building of foundations by way of which it can eventually become a leading player in the PSILOCYBINS production and fulfilment space.
The company seeks to do so through its upcoming and current online stores. In addition to that, Nilam Resources is looking to enhance the level of its efficiency through vertical integration and through the usage of advanced technology.
Functional mushrooms have emerged as a highly competitive industry in recent times due to the higher level of awareness with regards to its health benefits. However, investors need to keep in mind that PSILOCYBINS have not yet been legalised by the authorities.
Key Quote
“Kim Halvorson, The C.E.O. of Nilam stated, I have resigned from $GRPX to devote more time and energy on Nilam and our Brands on www.nilahub.com, https://nilahub.com/our-brands/brand-portal/, $NILA. This is the right time to capitalize on PSILOCYBIN research and continue to build a strong sales and distribution network which is pivotal to our overall growth.” The emerging worldwide support of research and development of new therapies and health benefits of functional mushrooms is paramount to our future growth strategy,” further commented, Kim Halvorson.
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